Refined soya oil futures fall 0.72 pc on profit booking

Refined soya oil prices fell 0.72 per cent to Rs 662.60 per 10 kg in futures trade today as speculators booked profits at prevailing levels amidst fall in demand in the spot market.
Adequate stocks position in the physical market also put pressure on refined soya oil.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in August fell Rs 4.80, or 0.72 per cent to Rs 662.60 per 10 kg with an open interest of 25,465 lots.
In a similar fashion, the oil for delivery in September declined by Rs 4.60, or 0.70 per cent to Rs 654.60 per 10 kg in 1,15,055 lots.

Analysts said besides profit-bookings by speculators, fall in demand in the spot market against adequate stocks position mainly influenced refined soya oil prices at futures.