Refined soya oil futures soften on muted demand

Amid easing demand at domestic spot market against adequate stocks position, refined soya oil prices shed 0.08 percent to Rs 727.50 per 10 kg in futures trade today as speculators cut bets.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in September declined by 55 paise, or 0.08 percent to Rs 727.50 per 10 kg with an open interest of 39,370 lots.

Similarly, the oil for delivery in October contracts shed 50 paise or 0.07 percent to Rs 727.50 per 10 kg in 20,280 lots.

Traders said cutting down of positions by traders as demand eased in the physical market against ample stocks position on increased supplies from producing regions put pressure on refined soya oil prices in futures trade.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)