Refined soya oil futures ease on adequate stocks against low demand

NEW DELHI: Refined soya oil eased by 0.46 per cent to Rs 559.70 per 10 kg in futures market today as traders trimmed position amid ample stocks on higher supplies from producing regions against low demand.

At National Commodity and Derivatives Exchange, refined soya oil for delivery in October fell Rs 2.60, or 0.46 per cent to Rs 559.70 per 10 kg with an open interest of 90,025 lots.

Similarly, the oil for delivery in August shed Rs 2.20, or 0.38 per cent to Rs 578.05 per 10 kg in 55,090 lots.

Analysts said offloading of positions by participants triggered by sufficient stocks against easing demand at the spot market mainly kept pressure on refined soya oil prices in futures trade.