Refined soya oil prices drifted lower by 0.93 per cent to Rs 627.50 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels, triggered by easing demand in the spot market.
Besides adequate stocks position on increased supplies from producing regions put pressure on refined soya oil futures.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in far-month August fell by Rs 5.90, or 0.93 per cent to Rs 627.50 per 10 kg with an open interest of 1,12,320 lots.
Likewise, the oil for delivery in July declined by Rs 4.35, or 0.69 per cent to Rs 621.60 per 10 kg in 16,150 lots.
Analysts said besides profit-booking by participants at existing levels, fall in demand in the spot market mainly weighed on refined soya oil prices at futures trade.
