Refined Soy Oil Futures Closed Higher On Wednesday

Refined soy oil futures closed higher on Wednesday on good physical demand and clues from cpo prices. Ref Soy oil Aug’16 expiry closed 1.29% higher to settle at Rs. 644.9/ 10 kg. Prices have been traded higher since last week due to higher demand in physical market. However, government has revised down the tariff value for Crude Soy Oil to 752$ /tonne for second half of July against 765$ earlier. Government fixed the tariff value every fortnight.

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