Soya oil futures soften on profit-bookings

NEW DELHI: Refined soya oil prices fell by 6.80 to Rs 687.90 per 10 kg in futures trade today as speculators booked profits, driven by subdued demand in the spot market against adequate stocks position.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in December fell by Rs 6.80, or 0.98 per cent, to Rs 687.90 per 10 kg, with an open interest of 17,430 lots.

Similarly, the oil for delivery in November traded lower by Rs 4.95, or 0.70 per cent, to Rs 698.35 per 10 kg, with an open interest of 11,4760 lots.

Marketmen said besides profit-booking by speculators at prevailing higher levels, driven by subdued demand in the spot market, against adequate stocks position mainly kept pressure on refined soya oil at futures market.