IND: Refined Soya Oil Ends Down More Than One Percent
Refined soya oil futures prices declined sharply after speculators booked profits at higher levels amid fall in demand in the spot market. Further, weak trend in overseas markets also put some pressure on the refined soya oil futures prices.
Crude palm oil futures on Malaysia's derivatives exchange pulled back Friday from earlier gains as upcoming export data from independent surveyors will likely disappoint.
The benchmark March contract on the Bursa Malaysia Derivatives exchange ended MYR80 lower at MYR3,503 a metric ton, after declining as much as 3.1% to an intraday low at MYR3,471/ton.
NCDEX Refined Soya Oil for the January contract ended the day lower by Rs6.20 or 1.04% at Rs. 591.70 after moving in the range of Rs. 600.45-Rs 590.80 per 10 kg. The open interest slipped by 8% to 141410 tonnes.
