Refined soya oil prices lost Rs 7, or 1.44 per cent, to Rs 478.60 per 10 kg in futures trade today, as traders indulged in profit-booking at higher levels, influenced by a fall in demand in the spot market.
At the Multi Commodity Exchange counter, refined soya oil for October-month contract fell by Rs seven, or 1.44 per cent, to Rs 478.60 per 10 kg, with a trading volume of seven lots.
Similarly, the refined soya oil for delivery in September contract declined by Rs 3.30, or 0.68 per cent, to Rs 480.70 per 10 kg, with a business volume of 109 lots.
The fall in refined soya oil mostly due to speculators, who indulged in profit-taking at higher levels on fall in demand in the spot markets, traders said.
