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Refined soya oil prices fell by 1.57% to Rs 702.50 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels, driven by sluggish demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in September fell by Rs 11.20, or 1.57% to Rs 702.50 per 10 kg with an open interest of 55,560 lots.
Likewise, the oil for delivery in October traded lower by Rs 10.70, or 1.52% to Rs 691.30 per 10 kg in 85,900 lots.
Analysts said besides profit booking by speculators at prevailing higher levels, sluggish demand in the spot market against adequate stocks position mainly kept pressure on refined soya oil prices at futures trade.
