Refined soya oil prices fell by Rs 4.40 to Rs 633 per 10 kg in futures trade today after speculators off-loaded their positions, triggered by slackness in demand against adequate stocks position.
At the Multi Commodity Exchange counter, refined soya oil for delivery in February fell by Rs 4.40, or 0.69 per cent, to Rs 633 per 10 kg, with a business volume of 53 lots.
Similarly, the oil for delivery in January declined by Rs 3.95, or 0.63 per cent, to Rs 620.40 per 10 kg, with an open interest of 26 lots.
Market analysts said adequate stocks position in the spot market against subdued demand led to the decline in refined soya oil futures prices.
