Refined soya oil futures decline on profit booking

Refined soya oil futures prices fell by Rs 5.10 to Rs 636.60 per 10 kg today after speculators booked profit. Sluggish spot market demand also had a negative impact on the trading sentiments.  

On the Multi Commodity Exchange, refined soya oil for delivery in July fell by Rs 5.10, or 0.79%, to Rs 636.60 per 10 kg, with a business turnover of 16 lots. 

Market analysts said apart from profit-booking by speculators, the fall in spot market demand also led to decline in refined soya oil futures prices.