Refined Soy Oil Closed Higher On Thursday

Refined soy oil closed higher on Thursday tracking international edible oil prices. However, prices in spot markets were down due to cut in import taxes for the edible oil by the government. The most active Ref Soy oil Oct’16 expiry contract closed 0.38% higher to settle at Rs. 655.9/10 kg. India has cut import taxes on both crude palm oil and refined edible oils by 5% points to 7.5 and 15 % respectively.

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