Falling for the third day, refined soya oil prices eased further by 0.12 per cent to Rs 613.80 per 10 kg in futures trade today as participants engaged in cutting down positions amid sluggish demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in May shed 75 paise, or 0.12 per cent, to Rs 613.80 per 10 kg with an open interest of 45,850 lots.
Similarly, the oil for delivery in June was trading lower by 60 paise, or 0.10 per cent, to Rs 616.05 per 10 kg in 51,820 lots.
Analysts said, offloading of positions by traders due to easing demand in the spot market against adequate stocks position on increased supplies from producing regions, mainly kept refined soya oil prices lower at futures trade.
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