Refined soya oil futures fall on low demand

Refined soya oil prices on Friday fell by Rs 14.4 to Rs 1,064.3 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 February declined by Rs 14.4, or 1.39 per cent, to Rs 1,064.3 per 10 kg in 37,290 lots.

Refined soya oil contracts for March traded lower by Rs 12.4, or 1.16 per cent, at Rs 1,057 per 10 kg in 12,950 lots.

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