At the National Commodity and Derivatives Exchange, refined soyaoil for delivery in December moved down by Rs 3.35, or 0.56 per cent to Rs 591.30 per 10 kg with an open interest of 82,000 lots.
On similar lines, the oil for delivery in January traded lower by Rs 3.35, or 0.55 per cent to Rs 601.25 per 10 kg in 56,445 lots.
Analysts said offloading of positions by traders, driven by a fall in demand in the spot market against sufficient stocks position, mainly kept pressure on refined soya oil prices in futures trade.