Refined Soy Oil Futures Closed Lower On Wednesday

Refined soy oil futures closed lower on Wednesday tracking CBOT soyoil oil prices in the International market. Ref Soy oil Jul’16 expiry closed 0.49% down to settle at Rs. 634.9/ 10 kg. Refine soyoil continue its range bound movement since last week due to steady demand in the physical market. Government revised down the tariff value for Crude Soy Oil to 765$ /tonne against 800$ earlier.

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