NEW DELHI, May 24: Refined soya oil prices slipped by 0.13 per cent to Rs 780 per 10 kg in futures trade today as speculators cut down bets, taking negative cues from spot market on subdued demand.
Besides, ample stocks position on increased arrivals from producing belts, fulled the downtrend.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in June shed Re 1, or 0.13 per cent, to Rs 780 per 10 kg with an open interest of 62,300 lots.
Similarly, the oil for delivery in July contracts was trading lower by 70 paise, or 0.09 per cent, at Rs 789.10 per 10 kg in 27,820 lots.
Analysts said offloading of positions by participants on the back of sluggish demand in the physical market against sufficient stocks position influenced refined soya oil prices in futures trade. (PTI)
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