Refined soya oil futures down 1.05% on profit-booking

Refined soya oil prices drifted lower by 1.05 per cent to Rs 626.50 per 10 kg in futures trade today as participants booked profits amid easing demand in the spot market against adequate stocks position.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in far-month July fell by Rs 6.65, or 1.05 per cent, to Rs 626.50 per 10 kg, with an open interest of 33,160 lots.

Similarly, the oil for delivery in June traded lower by Rs 6.10, or 0.97 per cent, to Rs 625.60 per 10 kg in 42,510 lots.

Analysts said besides profit booking by traders at prevailing levels, fall in demand in the spot market against sufficient stocks position, mainly led to the decline in refined soya oil prices at futures trade.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)