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Refined soya oil futures fall on low demand

October 30, 2020 by admin 0 Comments

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New Delhi: Refined soya oil prices on Friday fell by Rs 4.3 to Rs 965 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 November declined by Rs 4.3, or 0.44 per cent, to Rs 965 per 10 kg in 32,520 lots.

Likewise, refined soya oil contracts for December traded lower by Rs 3.3, or 0.34 per cent, at Rs 961.2 per 10 kg in 28,620 lots.

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

This article was originally published by Indiatimes.com. Read the original article here.