Refined Soy Oil Futures Continue To Rise



Refined soy oil futures continue to rise this week tracking International edible oil prices coupled with reports of considering increase of edible oil import duty hike by the Government. Ref Soy oil Sep’16 expiry closed 2.0% higher to settle at Rs. 670.0/10 kg. Currently, the trend is sideways to positive as government has also raises the tariff value of crude soy oil for first half of August. Government has raised the tariff value for Crude Soy Oil to 775$ /tonne for second half of August against 771$ earlier. Government fixes the tariff value every fortnight. Firm international prices for edible oil supporting recent rally.

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