Refined soya oil futures remain weak on profit-taking

Refined soya oil remained weak and lost Rs 2.05 to Rs 636.20 per 10 kg in futures trade today as traders indulged in profit-booking at higher levels, influenced by fall in demand in the spot market.

At the Multi Commodity Exchange, refined soya oil for delivery in August fell by Rs 2.05, or 0.32%, to Rs 636.20 per 10 kg, with an open interest of one lot. 

Similarly, the oil for delivery in July declined by 55 paise, or 0.08%, to Rs 636.40 per 10 kg, with a business volume of seven lots.

Market analysts said the fall in refined soya oil was mainly due to profit-taking by speculators at high levels on fall in demand in the spot market.