Refined soya oil prices fell further by 0.47 per cent to Rs 757 per 10 kg in futures trade today as speculators engaged in reducing their positions, tracking a weak trend at spot market on muted demand.
Besides, ample stocks position on increased arrivals from producing belts, fuelled the downtrend.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in July was trading lower by Rs 3.55, or 0.47 per cent to Rs 757 per 10 kg with an open interest of 31,100 lots.
In a similar fashion, the oil for delivery in June lost Rs 2.45, or 0.33 per cent to Rs 748 per 10 kg in 49,070 lots.
Analysts said cutting down of positions by participants on the back of subdued demand in the physical market against sufficient stocks position on increased supplies from growing regions, mainly kept refined soya oil prices lower at futures trade.
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