Refined soya oil weakened by Rs 1.20 or 0.27 per cent to Rs 444.60 per 10 kg in futures trade today on subdued demand at spot markets against adequate stocks position.
At the Multi Commodity Exchange, refined soya oil for June-month contract drifted by Rs 1.20, or 0.27 per cent to Rs 444.60 per 10 kg, with an open interest of 492 lots.
Similarly, the oil for delivery in July contract shed Rs 0.90, or 0.20 per cent to Rs 447 per 10 kg, clocking a business volume of 93 lots.
Market analysts said fall in refined soya oil prices was mostly due to profit-booking by speculators amid sluggish demand in spot markets.
