Refined soya oil futures soften on profit booking

Refined soya oil futures prices traded lower by Rs 6.45 to Rs 571.70 per 10 kg today, as speculators booked profits at higher levels amid subdued demand in the spot market.    

At the Multi Commodity Exchange counter, refined soya oil for delivery in January fell by Rs 6.45, or 1.12 per cent to Rs 571.70 per 10 kg, with a business turnover of just two lots.  

Likewise, the oil for delivery in December lost Rs 1.10, or 0.19 per cent to Rs 568.40 per 10 kg, with a business volume of two lots.

Market analysts said profit booking by speculators amid a fall in demand at spot markets kept pressure on the refined soya oil futures prices.