NEW DELHI, Feb 1: Refined soya oil prices weakened 0.09 per cent to Rs 743.20 per 10 kg in futures trade today as speculators reduced exposure, taking negative cues from spot market on easing demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in March shed 65 paise, or 0.09 per cent to Rs 743.20 per 10 kg with an open interest of 25,280 lots.
Similarly, the oil for delivery in February was trading a shade lower by 35 paise, or 0.05 per cent to Rs 744.85 per 10 kg in 37,620 lots.
Analysts said offloading of positions by traders due to back of easing demand in the physical market against ample stocks position, mainly led to decline in refined soya oil prices at futures trade. (PTI)
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