Refined eased by 0.59 per cent to Rs 769.90 per 10 kg in futures trade today as speculators reduced exposure amid ample stocks on increased supplies from producing regions at the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in May fell by Rs 4.60, or 0.59 per cent, to Rs 769.90 per 10 kg with an open interest of 56,450 lots.
In a similar fashion, the oil for delivery in April was trading lower by 4.20, or 0.55 per cent, to Rs 764.50 per 10 kg in 20,480 lots.
Analysts said cutting down of positions by participants following sluggish demand in the physical market against adequate stocks position on increased arrivals from producing belts weighed on refined soya oil futures.
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