Refined Soy Oil Futures Closed

Refined soy oil futures closed a little higher on Monday as government is considering increasing import duty for refine oil. However, overall downtrend is intact on anticipating supply glut in physical market on report of higher imports on vegetable oil. Ref Soy oil Jun’16 expiry closed 0.05 % higher to settle at Rs. 639.0/ 10 kg. There is a steady physical demand from stockists amid increase retail demand ahead of festival season.

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