Refined soya oil decline on profit taking

Refined soya oil declined by Rs 10.05 to Rs 667.65 per 10 kg in futures trade today as traders indulged in profit booking at higher levels influenced by fall in demand in the spot market.

At the Multi Commodity Exchange counter, refined soya oil for delivery in March fell by Rs 10.05, or 1.48 per cent, to Rs 667.65 per 10 kg, with an open interest of just one lot.

February-month delivery contract eased by Rs 3.75, or 0.56 per cent, to Rs 661.60 per 10 kg, with an open interest of 24 lots.

The fall in futures prices of refined soya oil mostly attributed as speculators indulged in profit taking at higher levels due to fall in demand in the spot market traders said.