Refined Soy Oil Futures Closed Higher On Friday

Refined soy oil futures closed higher on Friday and continue its range bound movement last week due to chart based trading. Ref Soy oil Jul’16 expiry closed 0.15% lower to settle at Rs. 643.5/ 10 kg. Earlier, prices have been down due to sufficient supplies in the physical market and weak physical demand as edible oil imports into the country decline last month. Moreover, sufficient stock in the physical market on report of higher imports may weigh on prices at higher levels.

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