Refined soya oil prices drifted
down by 0.42 per cent to Rs 762 per 10 kg in futures trading as speculators engaged in reducing their positions amid sufficient stocks position at the spot market against subdued demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in far-mlnth December declined by Rs 3.25, or 0.42 per cent to Rs 762 per 10 kg with an open interest of 6,430 lots.
Similarly, the oil for delivery in November shed Rs 1.75, or 0.23 per cent to Rs 714.30 per 10 kg in 33,860 lots.
Market analysts said cutting down of positions by participants on the back of tepid demand in the physical market against ample stocks position on increased supplies from producing belts, mainly kept refined soya oil prices down at the futures trade.
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