Refined Soy Oil Futures Closed Lower

Refined soy oil futures closed lower due to profit booking at higher levels. The most active Ref Soy oil Jan’17 expiry contract closed 0.19% lower to settle at Rs. 719.4/10kg. The tariff value of crude soyoil was raised by $4 per tn to $876 which was the fifth increase in two and half month by the government. The tariff value of soy oil has been increase by about 6.5% since 15-Sep-16.

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