Refined soya oil futures down 0.22% on profit-booking

Refined soya oil prices softened by 0.22 per cent to Rs 582.75 per 10 kg in futures trade today amid profit-booking by speculators at prevailing levels.
Besides, weak demand at the spot market against adequate stocks put pressure on refined soya oil prices.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November declined by Rs 1.30, or 0.22 per cent to Rs 582.75 per 10 kg with an open interest of 92,145 lots.
Likewise, the oil for delivery in December shed 50 paise, or 0.09 per cent to Rs 584.80 per 10 kg in 80,990 lots.

Market analysts said apart from profit booking by speculators, fall in demand at the spot market against adequate stocks position mainly kept pressure on refined soya oil prices in futures trade.