Refined soya oil prices moved down by 0.31 per cent to Rs 746 per 10 kg in futures market today as speculators booked profits, driven by a fall in demand in the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in July month declined by Rs 2.30, or 0.31 per cent to Rs 746 per 10 kg with an open interest of 53,010 lots.
Similarly, the oil for delivery in far-month August contract was trading lower by Rs 1.80, or 0.24 per cent to Rs 749.60 per 10 kg in 15,260 lots.
Analysts said besides profit-booking by participants, slump in demand in the physical market against sufficient stocks position mainly led to the decline in refined soya oil prices at futures trade.
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