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Refined soya oil futures fall on low demand

Refined soya oil prices on Monday fell by 40 paise to Rs 868.4 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 August declined by 40 paise, or 0.05 per cent, to Rs 868.4 per 10 kg in 9,615 lots.

Similarly, refined soya oil contracts for September decreased by Rs 2.5, or 0.29 per cent, to Rs 874 per 10 kg in 31,975 lots.

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