Refined soya oil futures remain weak, shed 0.23%

Continuing its falling streak for the second day, refined soya oil prices fell by another 0.23 per cent to Rs 671.40 per 10 kg in futures trade today as speculators engaged in trimming their positions, taking negative positive cues from spot market on tepid demand.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October declined by Rs 1.55, or 0.23 per cent to Rs 671.40 per 10 kg with an open interest of 43,290 lots.

Similarly, the oil for delivery in September contracts traded lower by Rs 1.10, or 0.17 per cent to Rs 663 per 10 kg in 25,960 lots.

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

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)