Refined soya oil prices eased further by 0.04 per cent to Rs 743 per 10 kg in futures trade today as speculators trimmed their positions, tracking a weak trend at the spot market due to muted demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in July declined by 30 paise, or 0.04 per cent, to Rs 743 per 10 kg with an open interest of 9,120 lots.
Likewise, the oil for delivery in August contracts was trading lower by 15 paise, or 0.02 per cent, to Rs 742.70 per 10 kg in 55,200 lots.
Traders said offloading of positions due to easing demand in the physical markets against sufficient stocks position on increased arrivals from producing regions kept refined soya oil prices weak in futures trade.
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