Refined Soy Oil Futures Closed

Refined soy oil futures closed higher on Friday taking clues from international markets as CBOT soyoil and Malaysia CPO prices increased. Moreover, 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. The most active Ref Soy oil Sep’16 expiry contract closed 1.97% higher to settle at Rs. 652.3/10 kg.

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