Refined Soy Oil Continues To Closed Lower

Refined soy oil continues to closed lower tracking international edible oil prices and weak demand in the domestic market as 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 0.73% down to settle at Rs. 650.9/10 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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