 "Refined soya oil slips 0.61% on profit-booking")
Refined soya oil prices fell 0.61 per cent at Rs 598.80 per 10 kg in futures trade today as speculators booked profits at prevailing levels amid fall in demand in the spot market.
Adequate stock position in the physical market on higher supplies from producing belts also put pressure on prices.
At National Commodity and Derivatives Exchange, refined soya oil for delivery in April eased Rs 3.70, or 0.61 per cent, to Rs 598.80 per 10 kg with an open interest of 30,950 lots.
Market analysts attributed the fall in refined soya oil futures to profit-booking by speculators at existing levels and low demand in the spot market.
Adequate stock position in the physical market on higher supplies from producing belts also put pressure on prices.
At National Commodity and Derivatives Exchange, refined soya oil for delivery in April eased Rs 3.70, or 0.61 per cent, to Rs 598.80 per 10 kg with an open interest of 30,950 lots.
Also Read
The June contract shed Rs 3.10, or 0.54 per cent, to Rs 567.90 per 10 kg in 1,21,700 lots.
Market analysts attributed the fall in refined soya oil futures to profit-booking by speculators at existing levels and low demand in the spot market.