Refined Soy Oil Futures Continue To Rise On

Refined soy oil futures continue to rise on Tuesday tracking International edible oil prices. Ref Soy oil Sep’16 expiry closed 0.45% higher to settle at Rs. 643.8/ 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 765$ /tonne for first half of August against 752$ earlier. Government fixes the tariff value every fortnight. Firm international prices for edible oil supporting recent rally.

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