Refined soya oil declines on profit-taking

Refined soya oil declined by Rs 1.55 to Rs 579.50 per 10 kg in futures trade today, as traders indulged in profit-booking at higher levels.

At the Multi Commodity Exchange platform, refined soya oil for December contract fell by Rs 1.55 or 0.27 per cent to Rs 579.50 per 10 kg, with a trading volume of 29 lots.

Refined soya oil futures prices was low, as speculators indulged in profit-taking at higher levels and weak demand in the spot market, traders said.