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Refined soya oil prices moved down by 1.33% to Rs 678.15 per 10 kg in futures trading today as speculators reduced their holdings due to sluggish demand in the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, refined soya for delivery in November fell by Rs 9.15, or 1.33%, to Rs 678.15 per 10 kg with an open interest of 64940 lots.
Similarly, oil for delivery in October declined by Rs 3.95, or 0.57% to Rs 690.35 per 10 kg in 57040 lots.
Analysts said speculators reduced their positions on the back of sluggish demand in the spot market against adequate stocks position mainly kept pressure on refined soya oil prices at futures trade.
