Refined Soy Oil Futures Closed Higher In Friday

Refined soy oil futures closed higher in Friday, end the week down due to steady physical demand for edible oil. The most active Ref Soy oil Oct’16 expiry contract closed down 0.53% to settle at Rs. 647.2/10 kg last week. The surge in price on Friday indicated the expectation of physical demand in coming weeks coupled with some government might try to increase import tax on refine edible oil.

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