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Refined soya oil futures slip on ample stocks

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Press Trust of India New Delhi

Refined soya oil prices fell Rs 2.1 to Rs 755 per 10 kg in futures trade on Friday as speculators trimmed their bets amid adequate supply at the spot market.

On the National Commodity and Derivatives Exchange, refined soya oil contracts for October delivery declined by Rs 2.1, or 0.28 per cent, to Rs 755 per 10 kg with an open interest of 17,310 lots.

For November delivery, the contract fell by Rs 1.85, or 0.24 per cent, to Rs 756 per quintal with an open interest of 24,660 lots.

Market analysts said cutting down of positions by participants against ample stocks mainly influenced prices.

 

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First Published: Oct 11 2019 | 2:00 PM IST

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