Refined soya oil prices moved down by 0.16 per cent to Rs 731.80 per 10 kg in futures trade today as speculators reduced exposure amid low demand in the spot market against adequate stocks.
At the National Commodity and Derivatives Exchange, the oil for delivery in March declined by Rs 1.20, or 0.16 per cent to Rs 731.80 per 10 kg with an open interest of 19,960 lots.
On similar lines, the oil for delivery in February shed 55 paise, or 0.07 per cent to Rs 735.85 per 10 kg in 39,930 lots.
Analysts said cutting down of positions by speculators due to fall in demand in the physical market against ample stocks position, mainly influenced refined soya oil prices at futures trade.
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