Refined Soy Oil Futures Closed Lower

Refined soy oil futures closed lower on Wednesday on profit booking and taking clues from international markets. The most active Ref Soy oil Sep’16 expiry contract closed 0.52% down to settle at Rs. 644.7 /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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