Refined Soy Oil Futures Fells On Monday

Refined soy oil futures fells on Monday and continue its range bound to lower trend tracking reports of high stocks with the stockists and good cheap imports. Prices are week at the moment mainly due to weakness in US and bearish trend in Malaysian palm oil. Meanwhile, government lowered the base import price of crude soyoil by $21 to $784 per tonnes for first half of April which may pressurize edible oil. There is expectations of bumper oilseeds output and higher availability of edible oil in the country.

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