Refined soya oil prices drifted lower by 0.13 per cent to Rs 625.50 per 10 kg in futures trade today amid tepid demand at the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in June month declined by 80 paise, or 0.13 per cent to Rs 625.50 per 10 kg with an open interest of 55,770 lots.
Similarly, the oil for delivery in May month contracts were up by 65 paise, or 0.10 per cent to Rs 623.80 per 10 kg in 16,670 lots.
Analysts said that offloading of positions by traders following low 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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