Refined dipped 0.2 per cent to Rs 741.3 per 10 kg in futures trade Thursday as speculators trimmed their bets, triggered by adequate supply at spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for February declined by Rs 1.45, or 0.2 per cent, to Rs 741.3 per 10 kg with an open interest of 34,730 lots.
Likewise, the oil for March fell by Rs 3.9, or 0.53 per cent, to Rs 736.25 per 10 kg in 11,910 lots.
Market analysts said, cutting down of positions by participants against ample stocks mainly influenced the prices.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)