Refined Soy Oil Surged Yesterday

Refined soy oil surged yesterday on anticipation of good spot demand in coming months as supplies or imports may be expensive. Ref Soy oil Apr’16 expiry closed higher by 1.14% at Rs. 632.4/ 10 kg.

As per latest SEA data, during November-February period of the current 2015-16 oil year, the import of vegetable oils (comprising edible and non-edible oils) increased by 19% to 51,25,017 tonnes as compared to 42,95,443 tonnes in the corresponding period of the previous year.

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