09/12/2010 (IIFL) - NCDEX Refined Soya Oil ended the session with marginal gains as some profit taking drags down the prices from their intraday high tracking weakness in the CPO futures in the afternoon sessions.

Crude palm oil futures on Malaysia's derivatives exchange gave up nearly all of their early gains Thursday under the weight of a likely fall in export demand. The benchmark February contract on the Bursa Malaysia Derivatives exchange ended MYR4 higher at MYR3,598 a metric ton, just pulling back into positive territory off a late intraday low of MYR3,591/ton.

Malaysia palm oil outbound sales probably fell 23% from a month earlier to 300,000 tons in the first 10 days of December, said a trading manager at major Kuala Lumpur-based plantation company.Cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. are expected to issue Dec. 1-10 export data on Friday.

The NCDEX Refined Soya Oil for the January settlement ended the day higher at Rs. 601.20, up Rs. 1.35 after hitting the high of Rs. 606 per 10 kg.