Refined soya oil prices drifted lower by 0.31 per cent to Rs 755.75 per 10 kg in futures market today as speculators booked-profits, driven by easing demand at the spot market against adequate stocks.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in July declined by Rs 2.35, or 0.31 per cent, to Rs 755.75 per 10 kg with an open interest of 28,560 lots.
Similarly, the oil for delivery in August shed Rs 1.55, or 0.20 per cent, to Rs 760.45 per 10 kg in 36,590 lots.
Traders said, besides profit-booking, fall in demand in the physical markets against sufficient stocks position weighed on refined soya oil prices in futures trade.
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