Refined soya oil futures ease on low demand
Refined soya oil contracts for January traded lower by Rs 11.7, or 1.09 percent, at Rs 1,059.5 per 10 kg in 10,945 lots.
By PTI |
Agencies
Refined soya oil prices on Tuesday fell by Rs 13.1 to Rs 1,061.4 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 December declined by Rs 13.1, or 1.22 per cent, to Rs 1,061.4 per 10 kg in 55,215 lots.
Likewise, refined soya oil contracts for January traded lower by Rs 11.7, or 1.09 per cent, at Rs 1,059.5 per 10 kg in 10,945 lots.
Market analysts said cutting down of positions by participants against ample stocks mainly influenced refined soya oil prices.
On the National Commodity and Derivatives Exchange, refined soya oil for delivery in December declined by Rs 13.1, or 1.22 per cent, to Rs 1,061.4 per 10 kg in 55,215 lots.
Likewise, refined soya oil contracts for January traded lower by Rs 11.7, or 1.09 per cent, at Rs 1,059.5 per 10 kg in 10,945 lots.
Market analysts said cutting down of positions by participants against ample stocks mainly influenced refined soya oil prices.
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