Refined soya oil futures prices moved down by 0.91 per cent today as traders reduced their commitments, driven by weak overseas trend and subdued demand in domestic spot markets.
At the MCX, refined soya oil for delivery in December contract fell 0.91 per cent to Rs 428.50 per 10 kg with trading volume in two lots and November contract declined by 0.76 per cent to Rs 426 per 10 kg in business volume in 32 lots.
Similarly, soya oil for delivery in October contract lost 0.35 per cent at Rs 431 per 10 kg, in trading volume in 122 lots.
Market experts said besides weak trend in global and domestic stock markets, adequate stocks positions also put pressure on prices at futures market here.