Refined soya oil futures fall on low demand

New Delhi: Refined soya oil prices on Monday fell Rs 4.1 to Rs 995.4 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 November declined by Rs 4.1 or 0.41 per cent, to Rs 995.4 per 10 kg in 21,475 lots.

Likewise, Refined soya oil contracts for December traded lower by Rs 4.7, or 0.47 per cent, at Rs 991.2 or per 10 kg in 38,605 lots.

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