NCDEX Refined Soya Oil pared the last sessions gains on profit taking tracking weak CPO futures and CBOT Soya complex. E- CBOT December Soya Oil contract is currently trading down 0. 55 at 41.13 cents per pound. BMD CPO futures slumped on Thursday with the benchmark November contract is currently quoting down MYR 30 at MYR 2644 per tonne.
CBOT Soybean prices slipped slightly Wednesday in a turnaround from Tuesday's rally to nine-month highs. December soyoil ended down 0.11 cent at 41.68 cents a pound cents a pound.
NCDEX Refined Soya Oil for the September contract opened the day at Rs 485.10 against the last close of Rs 487.30 per 10 kg. The contract slumped to the low of Rs 482.10 and the counter is currently trading lower at Rs 483.50, down Rs 3.80 per 10 kg from the last close. The open interest in the contract slumped 5.12 percent to 57,930 tonnes, indicating profit taking and volume traded as of now stood at 9,680 tonnes.