Refined Soy Oil Futures Falls Steeply

Refined soy oil futures falls steeply for the second session in the week on Thursday tracking weak trend in the International markets. Moreover, good domestic supplies and steady demand is pressurizing prices. Meanwhile, government lowered base import price for the fifth consecutive fortnight for crude soyoil by $14 to $770 per tonnes for second half of April. As per SEA data, soy oil imports for March down more that 28.5% Y/Y to 2.3 lt and down 8.7 lt m/m.

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