Refined soya oil futures fall on low demand

NEW DELHI: Refined soya oil prices on Friday fell Rs 7.4 to Rs 1,399 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 August declined by Rs 7.4 or 0.53 per cent, to Rs 1,399 per 10 kg in 22,245 lots.

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

Articles You May Like

Clothing rental service Nuuly reaches profitability, beating rival Rent the Runway to the benchmark
Real AI use cases in crypto, No. 1: The best money for AI is crypto
Real AI use cases in crypto: Crypto-based AI markets, and AI financial analysis
The USDJPY makes new session lows and in the process moves below a swing level. What next?
Dollar Dips, Euro Struggles in Lackluster Market

Leave a Reply

Your email address will not be published.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