Refined soya oil futures fall 0.69 pc on tepid demand

Refined soya oil prices moved down by 0.69 per cent to Rs 644 per 10 kg in futures market today as speculators reduced exposure amid subdued demand in the spot market.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in September declined by Rs 4.45, or 0.69 per cent, to Rs 644 per 10 kg with an open interest of 18,670 lots.

On similar lines, the oil for delivery in August traded lower by Rs 4.05, or 0.63 per cent, to Rs 638.20 per 10 kg in 59,150 lots.

Analysts said cutting down of positions by traders on the back of muted demand in the spot market against adequate stocks position mainly led to the decline in refined soya oil prices at futures trade.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)