Refined soya oil prices dipped

Refined soya oil prices dipped 0.04 per cent to Rs 758.5 per 10 kg in futures trade on Wednesday as speculators trimmed their bets amid adequate supply at the spot market.

On the National Commodity and Derivatives Exchange, refined soya oil contracts for October delivery declined by 3 paise, or 0.04 per cent, to Rs 758.5 per 10 kg with an open interest of 11,520 lots.

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