Refined soya oil prices drifted lower by 0.21 per cent to Rs 742.60 per 10 kg in futures market Tuesday 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 September fell by Rs 1.55, or 0.21 per cent to Rs 742.60 per 10 kg with an open interest of 20,890 lots.
Similarly, the oil for delivery in October was trading lower by a similar margin to Rs 746 per 10 kg in 38,280 lots.
Traders said besides profit-booking, fall in demand in the physical markets against sufficient stocks position on increased supplies from growing regions, mainly weighed on refined soya oil prices in futures trade.
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