Refined Soy Oil Closed Higher On Thursday

Refined soy oil closed higher on Thursday due to increase in soybean prices on reports of yield loss in MP and Maharashtra. The most active Ref Soy oil Oct’16 expiry contract closed 0.57% higher to settle at Rs. 656.9/10 kg. For the first half of October government increases the tariff value of crude soy oil to $827/tonnes or 1.22% compared to previous fortnight. Government fixes the tariff value every fortnight.

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