Refined soya oil futures fall on muted demand

Refined soya oil prices on Friday fell by Rs 3.2 to Rs 907 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 January declined by Rs 3.2, or 0.35 per cent, to Rs 907 per 10 kg in 5,100 lots.

The refined soya oil contracts for February dropped by Rs 4, or 0.45 per cent, to Rs 885.2 per 10 kg in 58,060 lots.

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