Refined Soy Oil Aug Futures Traded Lower On Monday



Refined Soy Oil Aug futures traded lower on Monday as market participants book their profits at higher levels tracking weak physical demand. Moreover, lower international prices couple with higher stock levels in the domestic market kept the prices down.

The base import price of crude soyoil has been hike by $9 to $812 per tonne for the second half of July. Base import prices of edible oils are revised every fortnight, based on global prices and changes in foreign exchange rate. The prices were last revised on Jul 14.

As per SEA, the import volume is down by about 30% for the period from Nov-May to 16.10 lt compared to 24.22 lt last year for same period.

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