Refined soya oil futures fall on low demand

Refined soya oil prices on Friday fell Rs 0.9 to Rs 1,077.1 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 0.9, or 0.08 per cent, to Rs 1,077.1 per 10 kg in 2,560 lots.

Likewise, Refined soya oil contracts for December traded lower by Rs 2.8, or 0.26 per cent, at Rs 1,068.5 per 10 kg in 54,735 lots.


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