Refined soya oil prices softened by 0.16 per cent to Rs 638.50 per 10 kg in futures trade today as traders trimmed their positions amid fall in demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in June declined by Rs 1.05, or 0.16 per cent, to Rs 638.50 per 10 kg, with an open interest of 47,710 lots.
Similarly, the oil for delivery in July traded lower by a similar margin to Rs 640.60 per 10 kg in 28,520 lots.
Analysts said that offloading of positions by traders due to easing demand in the spot market against adequate stocks position on increased supplies from producing regions mainly influenced refined soya oil prices in futures trade.
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