Refined soya oil prices fell 0.60 per cent to Rs 627.80 per 10 kg in futures trading today as speculators reduced holdings amidst subdued demand in the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in September declined by Rs 3.80, or 0.60 per cent, to Rs 627.80 per 10 kg with an open interest of 96,610 lots.
Similarly, the oil for delivery in August shed Rs 1.40, or 0.22 per cent, to Rs 646.40 per 10 kg in 8,790 lots.
Analysts said offloading of positions by speculators after demand dropped in the spot market against adequate stocks position influenced refined soya oil prices at futures trade.
