Refined soya oil moves down in futures trade

Refined soya oil prices declined by Rs 14.85 to Rs 748.80 per 10 kg in futures market.

Written by Agencies | New Delhi | Published: September 18, 2012 1:36 pm

Refined soya oil prices declined by Rs 14.85 to Rs 748.80 per 10 kg in futures market today in line with a weak trend in spot markets due to sluggish demand against adequate stocks position.

At the National Commodity Exchange,refined soya oil for delivery in October declined by Rs 14.85,or 1.94 per cent,to Rs 748.80 per 10 kg,with an open interest of 1,04,770 lots.

Likewise,the oil for delivery in September traded lower by Rs 3.80,or 0.48 per cent to Rs 791 per 10 kg,with an open interest of 24,720 lots.

Marketmen said sluggish demand in the spot market against adequate stocks position mainly kept pressure on refined soya oil futures.

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