Refined soya oil remains weak on profit booking

Refined soya oil futures prices declined by Rs 3.10 to Rs 597.90 per 10 kg today, after speculators booked profits at higher levels amid fall in demand in the spot market.

Further, weak trend in overseas markets also put some pressure on the refined soya oil futures prices.

At the Multi Commodity Exchange counter, refined soya oil for delivery in January fell by Rs 3.10, or 0.51 per cent to Rs 597.90 per 10 kg, with a trading volume of 18 lots.

Similarly, the oil for February delivery declined by  Rs 2.80 or 0.46 per cent to Rs 610.35 per 10 kg, with a business turnover of two lots.

Market analysts said profit booking at prevailing levels and weak trend overseas mainly led to a fall in refined soya oil futures prices.