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Refined soya oil futures drift lower on weak demand

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Press Trust of India New Delhi
Last Updated : Nov 15 2019 | 2:05 PM IST

Refined soya oil prices on Friday fell Rs 1.15 to Rs 791.3 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market.

On the National Commodity and Derivatives Exchange, refined soya oil for delivery in November declined by Rs 1.15, or 0.15 per cent, to Rs 791.3 per 10 kg with an open interest of 6,570 lots.

Similarly, the oil for delivery in December shed Rs 1.8, or 0.23 per cent, to Rs 797 per 10 kg in 41,910 lots.

Analysts said offloading of positions by speculators on low demand against adequate stocks position influenced refined soya oil prices here.

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First Published: Nov 15 2019 | 2:05 PM IST

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