Refined soya oil futures fall on low demand

Refined soya oil prices on Wednesday fell by Rs 3.7 to Rs 1,165 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 January declined by Rs 3.7, or 0.32 per cent, to Rs 1,165 per 10 kg in 45,835 lots.

Likewise, refined soya oil contracts for February traded lower by Rs 5.6, or 0.48 per cent, at Rs 1,151.9 per 10 kg in 25,550 lots.


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