Refined soya oil prices moved down by Rs 7.30, to Rs 500.05 per 10 kg in futures trade today owing to slack demand against adequate stock positions in spot markets.
A weakening trend in global markets further influenced the trading sentiment in the spot as well as futures trading.
At the Multi Commodity Exchange platform, refined soya oil for December-month fell by Rs 7.30, or 1.44 per cent, to Rs 500.05 per 10 kg, with a business volume of one lot.
Similarly, the oil for delivery in November declined by Rs 5.45, or 1.09 per cent, to Rs 493.95 per 10 kg in single lot.
Market analysts attributed the fall in refined soya oil prices in futures market to fall in demand in the spot market against adequate supply.
