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Refined soya oil futures slip on tepid demand

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Press Trust of India New Delhi

Refined soya oil prices on Tuesday fell by Rs 6.8 to Rs 924.6 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market.

On the National Commodity and Derivatives Exchange, refined soya oil for delivery in January declined by Rs 6.8, or 0.73 per cent, to Rs 924.6 per 10 kg in 8,670 lots.

The refined soya oil contracts for February dropped by Rs 12.6, or 1.37 per cent, to Rs 906 per 10 kg in 65,505 lots.

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

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First Published: Jan 14 2020 | 1:55 PM IST

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