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Refined soya oil futures fall on low demand

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New Delhi: Refined soya oil costs on Friday fell Rs 3.7 to Rs 997.7 per 10 kg in futures commerce as speculators lowered holdings amid subdued demand in spot market. On the National Commodity and Derivatives Exchange, refined soya oil for supply in November declined by Rs 3.7, or 0.37 per cent, to Rs 997.7 per 10 kg in 22,580 heaps.

Likewise, Refined soya oil contracts for December traded decrease by Rs 5, or 0.5 per cent, at Rs 993.1 or per 10 kg in 36,830 heaps.

Market analysts stated reducing down of positions by members towards ample shares primarily influenced refined soya oil costs.

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