Refined soya oil futures fall on low demand

NEW DELHI: Refined soya oil prices on Tuesday fell Rs 2.8 to Rs 1,145 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 February declined by Rs 2.8, or 0.24 per cent, to Rs 1,145 per 10 kg in 7,650 lots.

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

However, Refined soya oil contracts for March traded higher by Rs 0.4, or 0.04 per cent, at Rs 1,125 per 10 kg in 40,865 lots.