 "Refined soya oil down 0.6% on low demand")
Amid muted demand in the spot markets, refined soya oil prices dropped by 0.59% to Rs 602.65 per 10 kg in futures market today as participants trimmed positions.
Moreover, adequate stocks position too weighed on refined soya oil prices.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in far-month February declined by Rs 3.60, or 0.59%, to Rs 602.65 per 10 kg, with an open interest of 98,460 lots.
Market analysts attributed the fall in refined soya oil futures to tepid demand at the spot market against adequate stocks on higher supplies from producing belts.
Moreover, adequate stocks position too weighed on refined soya oil prices.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in far-month February declined by Rs 3.60, or 0.59%, to Rs 602.65 per 10 kg, with an open interest of 98,460 lots.
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Similarly, the oil for delivery in January shed Rs 3.15, or 0.52%, to Rs 606.70 per 10 kg in 58,350 lots.
Market analysts attributed the fall in refined soya oil futures to tepid demand at the spot market against adequate stocks on higher supplies from producing belts.