Commodities

Refined soya oil futures decline

PTI New Delhi | Updated on February 03, 2011

Refined soya oil prices fell Rs 2.45 to Rs 677.10 per 10 kg in futures trade today, as speculators booked profits amid a weak trend at the spot market due to slow demand.

At the Multi Commodity Exchange, refined soya oil for March contract declined by Rs 2.45 or 0.36 per cent to Rs 677.10 a 10 kg, with a business turnover of two lots.

Similarly, the oil for delivery in February shed Rs 1.20 or 0.18 per cent to Rs 665.85 per 10 kg, with a business volume of single lot.

Market analysts said profit taking by speculators, fall in demand at the spot market helped refined soya oil prices to trade lower.

Published on February 03, 2011

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