Refined Soy Oil Futures Closed Higher

Refined soy oil futures closed higher on Thursday taking clues from international markets. Spot prices are also increasing on festival demand. The most active Ref Soy oil Sep’16 expiry contract closed 1.13% higher to settle at Rs. 652.0 /10 kg. Earlier, Indian government increase the tariff value of crude soy oil by almost 9.5% to $848 per tonnes also support prices at higher levels. There is still muted physical demand from stockists on excess availability with them.

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