Commodities

Refined soya oil slips on profit taking

PTI New Delhi | Updated on June 23, 2011

Traders said the fall in refined soya oil was mainly due to profit-taking by speculators at existing high levels on the back of fall in spot market demand.

Refined soya oil prices fell by Rs 1.50 to Rs 637.50 per 10 kg in futures trade today as traders indulged in profit-booking at higher levels influenced by fall in demand in the spot market.

At the Multi Commodity Exchange, refined soya for delivery in July fell by Rs 1.50 or 0.23 per cent to Rs 637.50 per 10 kg with an open interest of six lots.

Traders said the fall in refined soya oil was mainly due to profit-taking by speculators at existing high levels on the back of fall in spot market demand.

Published on June 23, 2011

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