Refined soya oil futures remain weak on profit taking

Refined soya oil futures prices fell further by Rs 2.95 to Rs 527.80 per 10 kg today, as traders booked profits at higher levels influenced by fall in demand in the spot market.

At the Multi Commodity Exchange counter, refined soya oil for November-month contract fell by Rs 2.95, or 0.55 per cent, to Rs 527.80 per 10 kg, with a trading volume of 45 lots.

Similarly, the refined soya oil for delivery in November declined by Rs 2.50 or 0.45 per cent to Rs 541.05 per 10 kg, in four lots.

The fall in refined soya oil mostly attributed as speculators booked profits at higher levels due to fall in demand in the spot market, traders said.