Agri Business

Refined soya futures fall on sluggish demand

PTI New Delhi | Updated on March 10, 2011 Published on March 10, 2011

Refined soya oil futures prices fell by Rs 11.95 to Rs 622.85 for 10 kg on Thursday owing to slackness in demand against adequate stocks position.

At the Multi Commodity Exchange, refined soya oil for April contract fell by Rs 11.95, or 1.88 per cent, to Rs 622.85 for 10 kg, with a business volume of 16 lots.

Similarly, the oil for delivery in March declined by Rs 11.05, or 1.77 per cent, to Rs 613.20 for 10 kg, with an open interest of seven lots.

Market analysts said adequate stocks position in the spot market against subdued demand mainly led to the decline in refined soya oil futures prices.

Published on March 10, 2011
This article is closed for comments.
Please Email the Editor