Refined soya oil prices fell by Rs 8.25 to Rs 647 per 10 kg in futures trade today on sluggish demand in the spot market.
At the Multi Commodity Exchange, refined soya oil prices for delivery in March fell by Rs 8.25, or 1.26 per cent, to Rs 647 per 10 kg, with a business turnover of just one lot.
Likewise, the oil prices for delivery in February declined by Rs 7.20, or 1.13 per cent, to Rs 627.50 per 10 kg, with an open interest of one lot.
Market analysts said sluggish demand against adequate stocks at the spot market led to the decline in refined soya oil prices at futures trade.