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Refined soya oil futures decline on profit-booking

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Press Trust of India New Delhi

Refined soya oil fell by Rs 3.25 to Rs 649.75 per 10 kg in futures trade today as traders indulged in profit-booking at higher levels, influenced by fall in spot market demand.

At the Multi Commodity Exchange, refined soya oil for September delivery fell by Rs 3.25, or 0.50%, to Rs 649.75 per 10 kg, with a trading volume of four lots.

The fall in refined soya oil prices was mostly due to profit-taking by speculators at higher levels on decline in spot market demand, traders said.

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First Published: Aug 12 2011 | 2:15 PM IST

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