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Refined soya oil futures remain weak on profit-booking

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Press Trust of India New Delhi

Refined soya oil prices shed Rs 9.30 to Rs 615.90 per 10 kg in futures trade today as traders indulged in profit-booking at higher levels influenced by low demand at the spot market.  

Also, a weakening trend in overseas markets put pressure on the oil prices.

At the Multi Commodity Exchange, refined soya oil for delivery in April fell by Rs 9.30, or 1.48%, to Rs 615.90 per 10 kg, with a business volume of eight lots.

Market analysts attributed the fall in refined soya oil futures prices to profit booking by speculators at existing higher levels.

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First Published: Apr 12 2011 | 4:08 PM IST

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