Refined Soy Oil Futures Closed



Refined soy oil futures closed unchanged on Thursday but there is a fall in prices in physical market. The higher production estimates of soyoil in the country may keep the stock sufficient for the stockists. The production of edible oil in 2016/17 will be 72.8 lt, up 25.5% compared to last year. Last year, edible oil production was at 58 lt. The tariff value of crude soyoil was hike by $10 per tonnes to $879 for the first fortnight of February. According to data released by the SEA, edible oil imports fell nearly 17% on year to 1.17 mt in December.

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