Refined soya oil declined by Rs 2.50, or 0.51 per cent, to Rs 484 per 10 kg in futures trade today as speculators booked-profits driven by weak spot market demand.
At the National Commodity and Derivatives Exchange refined soya for August month declined by Rs 2.50, or 0.51 per cent, to Rs 484 per 10 kg with an open interest of 587 lots.
Similarly, the oil for delivery in September month lost Rs 1.96, or 0.39 per cent, to Rs 492.20 per 10 kg in 231 lots.
Market analysts said profit-booking by speculators at existing higher levels due to subdued demand in the spot market led to fall in refined soya oil prices in futures trade.
