Refined soya oil futures dip on muted demand

New Delhi, Jan 24 () Refined soya oil prices on Friday fell 20 paise to Rs 875 per 10 kg in futures trade as speculators reduced holdings amid subdued demand at spot market.

On the National Commodity and Derivatives Exchange, refined soya oil for delivery in February declined by 20 paise or 0.02 per cent, to Rs 875 per 10 kg in 54,335 lots.

The refined soya oil contracts for March dropped by Rs 1.4, or 0.16 per cent, to Rs 865 per 10 kg in 30,625 lots.

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