Refined soya oil prices traded lower by Rs 2.40, or 0.50 per cent, to Rs 484.50 per 10 kg in futures trade today on reduced offtake following fall in demand at spot markets.
Adequate stocks positions and lower trend in global markets also influenced the refined soya prices at futures trade.
At the Multi Commodity Exchange counter, refined soya oil for October lost Rs 2.40, or 0.50 per cent, to Rs 484.50 per 10 kg, with an open interest of 160 lots.
Similarly, the oil for delivery in September edged down by Rs 2, or 0.42 per cent, to Rs 482.60 per 10 kg, with an open interest of 566 lots.
Market analysts said fall in demand at spot markets amid adequate supplies, kept pressure on the refined soya oil prices at futures market today.
