Refined soya oil futures extend losses, shed 0.36%

Continuing its falling streak for the third day, refined soya oil prices eased further by 0.36 per cent to Rs 737 per 10 kg in futures trading today as speculators engaged in reducing exposure amid easing demand at the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in January was trading lower by Rs 2.65, or 0.36 per cent to Rs 737 per 10 kg with an open interest of 39,780 lots.
On similar lines, the oil for delivery in December declined by Rs 2.30, or 0.32 per cent to Rs 723.70 per 10 kg in 15,160 lots.

Market analysts said offloading of positions by participants on the back of easing demand in the physical market against ample stocks position on increased supplies from producing belts, mainly kept refined soya oil prices lower at the futures trade.