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Refined soya oil futures fall 0.52 pc on profit-booking

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Press Trust of India New Delhi
Amid profit-booking by speculators at prevailing higher levels, refined soya oil prices fell by 0.52 per cent to Rs 701.30 per 10 kg in futures trade today.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in March fell Rs 3.65, or 0.52 per cent, to Rs 701.30 per 10 kg with an open interest of 89,860 lots.

Similarly, the oil for delivery in April shed Rs 3.20, or 0.46 per cent, to Rs 698.70 per 10 kg in 84,160 lots.

Analysts said besides profit-booking at higher levels by speculators amid a decline in demand in the spot market against adequate stocks position, mainly led to the fall in refined soya oil prices at futures trade.
 

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First Published: Feb 21 2014 | 12:46 PM IST

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