Refined soya oil prices fell 0.31 per cent to Rs 614.35 per 10 kg in futures trading today as traders booked profits at prevailing levels, driven by a fall in demand in the spot market against adequate stocks.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in December month declined by Rs 1.90, or 0.31 per cent to Rs 614.35 per 10 kg with an open interest of 66,675 lots.
Similarly, the oil for delivery in January contracts traded lower by Rs 1.50, or 0.24 per cent to Rs 614.70 per 10 kg in 87,170 lots.
Market analysts attributed weakness in refined soya oil futures to profit-booking by participants at existing levels amid decline demand in the spot market against adequate stocks position on higher supplies from growing regions.
