Refined Soy Oil Futures Closed Little Higher

Refined soy oil futures closed little higher on technical trading despite higher imports in edible oil in Feb, cut in base import prices and adequate domestic supplies. According to data released today by the Solvent Extractors' Association of India (SEA), India's edible oil imports rose 15.8% on year to 1.23 mt in February. The government has cut the base import price of soyoil by $9 per tonnes for second half of March. The base import price of crude soyoil is now at $805 from $879 during Feb first half.

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