Refined soya oil prices dropped by Rs 5.05 or 1.02 pct to Rs 487.70 per 10 kg in futures trading today, on weak cues from spot markets amid sluggish demand and adequate stocks position.
At the Multi Commodity Exchange counter, refined soya oil for October-month fell by Rs 5.05, or 1.02 per cent to Rs 487.70 per 10 kg in a turnover of 57 lots.
Similarly, the oil for delivery in September-month also traded Rs 4 or 0.81 per cent down at Rs 489.60 per 10 kg in 542 lots.
Market analysts attributed the fall in refined soya oil in futures market to weak demand and adequate supplies at physical markets.