1. Refined soya oil futures remain weak on muted demand

Refined soya oil futures remain weak on muted demand

Refined soya oil prices drifted further lower by 0.48 per cent to Rs 650.50 per 10 kg in futures market today as participants engaged in reducing their their positions amid low demand in the spot market.

By: | New Delhi | Published: September 7, 2016 2:07 PM
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October month declined by Rs 3.15 or 0.48 per cent to Rs 650.50 per 10 kg with an open interest of 55,990 lots. (Source: Reuters)

Refined soya oil prices drifted further lower by 0.48 per cent to Rs 650.50 per 10 kg in futures market today as participants engaged in reducing their their positions amid low demand in the spot market.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October month declined by Rs 3.15 or 0.48 per cent to Rs 650.50 per 10 kg with an open interest of 55,990 lots.

Likewise, the oil for delivery in September contracts traded lower by Rs 2.55 or 0.39 per cent to Rs 645.55 per 10 kg in 33,700 lots.

Analysts said offloading of positions by traders owing to slackened demand in the spot market against adequate stocks position mainly kept refined soya oil prices lower at futures trade.

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