Refined Soy Oil Futures Close Lower Yesterday

Refined soy oil futures close lower yesterday taking clues from international market. However, anticipation of high demand from stockists as imports becomes expensive due to increase in world edible oil prices. Ref Soy oil Apr’16 expiry closed lower by 0.71% to settle at Rs. 649.5/ 10 kg.

As per latest SEA data, during Nov-Feb period of the current 2015-16 oil year, the import of vegetable oils (comprising edible and nonedible 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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