# Muted demand drags down refined soya oil futures by 0.35%

> Refined soya oil futures in India fell 0.35% to Rs 699.40 per 10 kg as speculators cut positions amid weak spot demand and ample stocks. Open interest and far-month contracts also declined slightly.

- Date: 2017-11-03 · published 2017-11-03T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/68076-muted-demand-drags-down-refined-soya-oil-futures-by-0-35
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Ample Indian stocks and soft spot demand point to softer domestic soyoil prices, which can reduce import pull for soyoil.

## Read by commodity

- SBO: bearish ▼

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/muted-demand-drags-down-refined-soya-oil-futures-by-0-35-117110300506_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.