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Refined soya oil turns weak on profit booking

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Press Trust of India New Delhi

Refined soya oil declined by Rs 7.15 to Rs 599 per 10 kg in futures trade today on selling pressure due to profit booking at higher levels, influenced by fall in domestic demand. 

At the Multi Commodity Exchange, refined soya oil for delivery in April fell by Rs 7.15, or 1.17 per cent, to Rs 599 per 10 kg, with a trading volume of 48 lots.

Traders said, prices of refined soya oil futures dipped as speculators indulged in profit-taking at existing higher levels.

 

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First Published: Mar 15 2011 | 2:36 PM IST

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