Refined went down by 0.13 per cent to Rs 742.10 per 10 kg in futures trade today as speculators cut bets, triggered by adequate stocks position at spot market against subdued demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in August weakened by 95 paise, or 0.13 per cent, to Rs 742.10 per 10 kg with an open interest of 39,280 lots.
In a similar fashion, the oil for delivery in September shed 75 paise, or 0.10 per cent, to Rs 740.50 per 10 kg in 29,840 lots.
Analysts said cutting down of positions by participants, driven by sufficient stocks position on increased supplies from growing regions in the physical market against easing demand, mainly weighed on refined soya oil prices at futures trade.
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