Refined soya oil prices fell by 0.59 per cent to Rs 734.10 per 10 kg in futures market today as speculators cut bets, triggered by adequate stocks position at spot market against lower demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October declined by Rs 4.35, or 0.59 per cent to Rs 734.10 per 10 kg with an open interest of 9,650 lots.
Similarly, the oil for delivery in September was trading lower by Rs 3.45, or 0.47 per cent to Rs 736.75 per 10 kg in 47,410 lots.
Analysts said trimming of of positions by participants, driven by sufficient stocks position on increased supplies from growing regions in the physical market against easing demand, led to the fall in refined soya oil prices in futures trade.
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