Refined soya oil fell by Rs 4.75, or 0.97 per cent, to Rs 485.25 per 10 kg in futures trading today after traders off-loaded their positions, driven by fall in demand at spot markets.
Besides, adequate stocks positions at spot markets and lower trend in global markets put pressure on the refined soya prices at futures trade.
At the Multi Commodity Exchange counter, refined soya oil for November delivery fell by Rs 4.75, or 0.97 per cent, to Rs 485.25 per 10 kg, with an open interest of 28 lots.
The oil for delivery in September also eased by Rs 3.50, or 0.72 per cent, to Rs 479.50 per 10 kg, with an open interest of 450 lots.
Market analysts said fall in demand at spot markets amid adequate supplies, mainly kept pressure on the refined soya oil prices at futures market.
Meanwhile, palm oil futures for the November-delivery contract shed 1.6 per cent to $848 a metric tonne on the Malaysia Derivatives Exchange counter.