Refined soya oil remained weak and lost Rs 2.25, or 0.45 per cent, to Rs 488.35 per 10 kg in futures trade today, as traders booked profit at higher levels, influenced by fall in demand in the spot market.
Soya refined prices fell in the line with international markets. At the Multi Commodity Exchange counter, refined soya oil for November-month contract fell by Rs 2.25, or 0.45 per cent, to Rs 488.35 per 10 kg, with a trading volume of 36 lots.
Similarly, the refined soya oil for delivery in October contract declined by Rs 2.20, or 0.44 per cent, to Rs 484.25 per 10 kg, with a business volume of 77 lots.
The fall in refined soya oil attributed to speculators, who indulged in profit-taking at higher levels due to fall in demand in the spot markets, traders said.
