Refined soya futures down 0.98% on sluggish demand

Refined soya oil futures down 0.98 per cent to Rs 737 per 10 kg in futures.

Written by Agencies | New Delhi | Published:September 20, 2012 3:04 pm

Refined soya oil futures down 0.98 per cent to Rs 737 per 10 kg in futures trade today as speculators reduced their positions,tracking a weak trend at spot market on sluggish demand.

Adequate stocks availability in the physical market also put pressure on refined soya oil.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October fell by Rs 7.30,or 0.98 per cent,to Rs 737 per 10 kg,with an open interest of 82,740 lots.

Likewise,the spice for delivery in November lost Rs 2.50,or 0.34 per cent,to Rs 723.20 per 10 kg,with an open interest of 70,290 lots.

Marketmen said offloading of positions by speculators on the back of weak trend at spot market on sluggish demand mainly influenced refined soya oil prices at futures market.

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