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Refined soya oil futures fall on low demand

Refined soya oil prices on Thursday fell Rs 2 to Rs 826.2 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 June declined by Rs 2, or 0.24 per cent, to Rs 826.2 per 10 kg in 17,635 lots.

Refined soya oil contracts for July decreased by Rs 4.2, or 0.51 per cent, to Rs 816.8 per 10 kg in 25,425 lots.

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