Refined soya oil prices traded lower by 0.58 per cent to Rs 666.35 per 10 kg in futures trade today amid a fall in domestic demand at spot market and ample stocks against higher supplies from producing regions.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November month fell by Rs 3.90, or 0.58 per cent to Rs 666.35 per 10 kg with an open interest of 16,300 lots.
Similarly, the oil for delivery in December contracts traded lower by Rs 3.40 or 0.50 per cent to Rs 672 per 10 kg in 51,410 lots.
Analysts said offloading of positions by participants due to easing demand in the spot market against sufficient stocks position on higher supplies from producing belts, mainly led to decline in refined soya oil prices at futures trade.
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