Refined soya oil futures fall on low demand

Refined soya oil prices on Friday fell by 2 paise to Rs 1,187.2 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 January declined by 2 paise, or 0.02 per cent, to Rs 1,187.2 per 10 kg in 30,080 lots.

Market analysts said cutting down of positions by participants against ample stocks mainly influenced refined soya oil prices.

However, Refined soya oil contracts for February traded higher by Rs 0.8, or 0.07 per cent, at Rs 1,186.5 per 10 kg in 35,215 lots.