Refined soya oil futures fall on low demand

 Refined soya oil prices on Friday fell Rs 7.4 to Rs 1,399 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 August declined by Rs 7.4 or 0.53 per cent, to Rs 1,399 per 10 kg in 22,245 lots.

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

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