 "Refined soya oil down 0.5% on profit-booking")
Refined soya oil prices fell by 0.57% to Rs 745.85 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels, driven by sluggish spot market demand against adequate stocks position.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November fell by 4.30, or 0.57%, to Rs 745.85 per 10 kg with an open interest of 45,140 lots.
Similarly, the oil for delivery in December shed Rs 3.05, or 0.41%, to Rs 741.65 per 10 kg in 13,540 lots.
Analysts said besides speculators booking profits at prevailing higher levels, sluggish demand in the spot market against adequate stocks position mainly pulled down refined soya oil prices at futures trade.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November fell by 4.30, or 0.57%, to Rs 745.85 per 10 kg with an open interest of 45,140 lots.
Similarly, the oil for delivery in December shed Rs 3.05, or 0.41%, to Rs 741.65 per 10 kg in 13,540 lots.
Analysts said besides speculators booking profits at prevailing higher levels, sluggish demand in the spot market against adequate stocks position mainly pulled down refined soya oil prices at futures trade.