Refined Soy Oil Futures Corrected A Little On Tuesday

Refined soy oil futures corrected a little on Tuesday on profit booking at higher level. Moreover, lower international prices too weigh on domestic ref soy oil prices. The most active Ref Soy oil Dec’16 expiry contract closed 0.26% lower to settle at Rs. 714.9/10kg. The tariff value of crude soyoil were raised by $13 per tn to $866 which was the fourth increase in two month by the government. Moreover, anticipation of further increase in tariff value by government of India for 1st half of December too supports prices at higher levels.

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