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Refined soya oil futures weakens on sluggish demand

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Press Trust of India New Delhi

In restricted activity, refined soya oil prices moved down by Rs 1.50 to Rs 611.65 per 10 kg in futures trading today due to sluggish demand.

At the Multi Commodity Exchange, refined soya oil for delivery in May shed Rs 1.50, or 0.24%, to Rs 611.65 per 10 kg, with an open interest of a single lot.   

Traders said sluggish demand against adequate stocks position in the spot market led to the fall in refined soya oil futures prices.

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First Published: Apr 18 2011 | 12:53 PM IST

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