Refined Soy Oil Futures Closed Higher

Refined soy oil futures closed higher on Tuesday due to technical buying by the market participants at lower levels as government raises the tariff value of crude soy oil for August first half. Ref Soy oil Aug’16 expiry closed 0.80% higher to settle at Rs. 632.7/ 10 kg. Government has raised the tariff value for Crude Soy Oil to 765$ /tonne for first half of August against 752$ earlier. Government fixes the tariff value every fortnight.

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