Refined soya oil declined by Rs 6.75 to Rs 598 per 10 kg in futures trade today, as traders indulged in profit-booking at higher levels influenced by fall in demand at spot markets.
At the Multi Commodity Exchange counter, refined soya oil for January-month contract fell by Rs 6.75 or 1.12 per cent to Rs 598 per 10 kg, with a trading volume of 12 lots.
Similarly, the oil for December delivery declined by Rs 6.15 or 1.04 per cent to Rs 582.10 per 10 kg, with a business volume of nine lots.
The fall in refined soya oil prices was due to speculators, who indulged in profit-taking at higher levels due to fall in demand in the spot market traders said.
