Refined Soy Oil Futures

Refined soy oil futures traded on negative note due to lower demand from the stockists and continue its correction at higher levels. Ref Soy oil May’16 expiry closed lower by 0.22% to settle at Rs. 634.3/ 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. Moreover, Import of vegetable oils during Feb 2016 is reported at 11,10,916 tonnes compared to 868,167 tonnes last Feb. Expecting damage for rabi oilseed due to unseasonal rains is keeping prices higher.

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