Refined Soy Oil Futures Fell On Wednesday

Refined soy oil futures fell on Wednesday on technical trading and taking clues from US soybean oil prices. The most active Ref Soy oil Sep’16 expiry contract closed 0.36% lower to settle at Rs. 658.1/10 kg. Currently, the trend has reversed to sideways to down on corrections from higher levels. Earlier, government has raises the tariff value of crude soy oil for first half of August for Crude Soy Oil to 775$ /tonne for second half of August against 771$ earlier. Government fixes the tariff value every fortnight.

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