Refined soya oil futures fall on low demand

News

New Delhi: Refined soya oil prices on Friday fell by Rs 4.3 to Rs 965 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 November declined by Rs 4.3, or 0.44 per cent, to Rs 965 per 10 kg in 32,520 lots.

Likewise, refined soya oil contracts for December traded lower by Rs 3.3, or 0.34 per cent, at Rs 961.2 per 10 kg in 28,620 lots.

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

Articles You May Like

Nvidia’s earnings cleared our lofty bar. Here’s our new price target on the AI chip king
USDCHF buyers take the price higher this week after basing at the 50% midpoint at 0.87989
Intuit shares drop as quarterly forecast misses estimates due to delayed revenue
Dollar Stays Soft With Falling Yields and Stocks Rally
Gold price advances to near two-week high, eyes $2,700 on geopolitical tensions

Leave a Reply

Your email address will not be published. Required fields are marked *