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Refined soya oil futures fall on low demand

Refined soya oil prices on Monday fell Rs 2.8 to Rs 835.4 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 April declined by Rs 2.8, or 0.33 per cent, to Rs 835.4 per 10 kg in 11,360 lots.

The refined soya oil contracts for May dropped by Rs 6.6, or 0.82 per cent, to Rs 800.2 per 10 kg in 24,480 lots.

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