Refined Soy Oil Futures Gain On Monday

Refined soy oil futures gain on Monday owing to pickup in physical demand for edible oil in domestic market. The most active Ref Soy oil Oct’16 expiry contract closed higher 0.47% 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 government might try to increase import tax on refine edible oil.

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