Refined soya oil futures decline on profit booking

Refined soya oil futures prices fell Rs 2.95 to Rs 539.95 per 10 kg today, as traders booked profits at higher levels influenced by fall in demand in the spot market.

At the Multi Commodity Exchange counter, refined soya oil for December-month contract fell by Rs 2.95, or 0.54 per cent, to Rs 539.95 per 10 kg, with a trading volume of 13 lots.

Similarly, the refined soya oil for delivery in November declined by Rs 2.65 or 0.50 per cent to Rs 528.15 per 10 kg, with an open interest of 44 lots.

The fall in refined soya oil mostly attributed as speculators booked profits at higher levels due to fall in demand in the spot market, traders said.