Refined Soy Oil Closed Lower Last Week

Refined soy oil closed lower last week tracking international edible oil prices. Moreover, prices in spot markets were also down due to cut in import taxes for the edible oil by the government. The most active Ref Soy oil Oct’16 expiry contract closed 0.70% down last week to settle at Rs. 655.7/10 kg. India has cut import taxes on both crude palm oil and refined edible oils by 5% points to 7.5 and 15 % respectively.

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