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Commodity News |
HeadLine : |
Refined soya oil futures fall on low demand |
Date : |
Aug 6 2020 |
Refined soya oil prices on Wednesday fell by Rs 8.8 to Rs 868.8 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 8.8, or 1 per cent, to Rs 868.8 per 10 kg in 14,800 lots. Similarly, refined soya oil contracts for September decreased by Rs 9.2, or 1.04 per cent, to Rs 873.3 per 10 kg in 26,150 lots. Market analysts said cutting down of positions by participants against ample stocks mainly influenced refined soya oil prices.
Source : Outlook India
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