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

This Trading Strategy Makes Me $250,000 WEEKLY
Trading Trick Will BLOW Your Mind!
The Scalping Strategy Used by the Best Traders in the World
How to set up a trading account in 5 minutes #daytrader #trading
My Secret Trading Strategy I Trade Right After The Open

Leave a Reply

Your email address will not be published.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