Refined soya oil prices eased by 0.18 per cent to Rs 741.2 per 10 kg in futures trade Friday as speculators trimmed their bets, triggered by adequate stocks at spot markets.
At the National Commodity and Derivatives Exchange, refined soya oil for July contracts declined by Rs 1.3, or 0.18 per cent, to Rs 741.2 per 10 kg with an open interest of 48,840 lots.
Likewise, the oil for August contracts fell by 5 paisa, or 0.07 per cent, to Rs 729.5 per 10 kg in 21,900 lots.
Market analysts said, cutting down of positions by participants amid decline in demand against ample stocks mainly influenced the prices.