New Delhi, Dec 7 (PTI) Maintaining its falling streak for the fourth day, refined soya oil prices drifted further down by 0.30 per cent to Rs 719.50 per 10 kg in futures trading today as speculators engaged in reducing holdings on the back of subdued demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in December declined by Rs 2.15, or 0.30 per cent to Rs 719.50 per 10 kg with an open interest of 11,720 lots.
In a similar fashion, the oil for delivery in January was trading lower by Rs 1.50, or 0.20 per cent to Rs 731.50 per 10 kg in 38,640 lots.
Market analysts said cutting down of positions by participants due to fall in demand in the physical market against ample stocks position on increased supplies from producing belts, mainly kept refined soya oil prices lower at the futures trade.
This is published unedited from the PTI feed.