Refined soya oil prices eased further by 0.39 per cent to Rs 784.20 per 10 kg in futures trade today as speculators engaged in trimming their positions, taking negative cues from spot market on sluggish demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in July fell by Rs 3.05, or 0.39 per cent to Rs 784.20 per 10 kg with an open interest of 24,730 lots.
In a similar fashion, the oil for delivery in June shed Rs 1.30, or 0.17 per cent to Rs 778 per 10 kg in 61,530 lots.
Analysts said cutting down of positions by participants due to fall in demand in the physical market against sufficient stocks position on increased arrivals from growing regions, kept refined soya oil prices lower at futures trade.
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