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Refined soya oil prices softened by 0.45% to Rs 675 per 10 kg in futures trading today as speculators reduced holdings due to weak demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in February declined by Rs 3.05, or 0.45%, to Rs 675 per 10 kg with an open interest of 1,08,260 lots.
Likewise, the oil for delivery in January traded lower by 75 paise, or 0.11%, to Rs 688.10 per 10 kg in 10,990 lots.
Analysts said trimming of positions by speculators amid weak demand in the spot market mainly weighed on refined soya oil prices at futures trade.
