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Refined soya oil declines on profit-booking

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Press Trust of India New Delhi

Refined soya oil fell by Rs 4 to Rs 650 per 10 kg in futures trade today as traders indulged in profit-booking at higher levels influenced by a fall in demand at the spot market.

At the Multi Commodity Exchange, October refined soya oil fell by Rs 4, or 0.61 per cent to Rs 450 per 10 kg, with a trading volume of one lot.

Analysts said the fall in refined soya oil mostly attributed to speculators profit-taking at higher levels due to fall in demand in the spot market traders said.

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First Published: Sep 19 2011 | 3:02 PM IST

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