Refined soya oil futures remain weak on muted demand

NEW DELHI, July 14:  Refined soya oil prices drifted further lower by 0.16 per cent to Rs 635.50 per 10 kg in futures trade today as traders engaged in reducing their exposure amid easing demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in July fell by Rs 1.05, or 0.16 per cent to Rs 635.50 per 10 kg with an open interest of 11,750 lots.
Analysts said trimming of positions by traders, driven by subdued demand in the spot market against adequate stocks position on increased supplies from producing regions mainly kept refined soya oil prices lower at futures trade. (PTI)


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