 "Refined soya oil down 0.8% on sluggish demand")
Amid sluggish domestic demand, refined soya oil prices declined by 0.81% to Rs 565.35 per 10 kg in futures trade today as speculators trimmed positions.
Further, adequate stocks on increased supplies weighed on prices.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October fell Rs 4.60, or 0.81% to Rs 565.35 per 10 kg with an open interest of 1,11,555 lots.
Analysts said offloading of positions by speculators, triggered by subdued demand in the spot market against adequate stocks position, weighed on refined soya oil prices at futures trade.
Further, adequate stocks on increased supplies weighed on prices.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October fell Rs 4.60, or 0.81% to Rs 565.35 per 10 kg with an open interest of 1,11,555 lots.
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Also, the oil for delivery in September traded lower by Rs 4.60, or 0.75% to Rs 609.50 per 10 kg in 21,120 lots.
Analysts said offloading of positions by speculators, triggered by subdued demand in the spot market against adequate stocks position, weighed on refined soya oil prices at futures trade.