Agri Commodity Refined Soya Oil Oct futures closed higher on Tuesday

Refined Soya Oil Oct futures closed higher on Tuesday tracking good physical demand. As per the data released by SEA, Aug crude soy oil import down 13% at 289,746 tn vs. 333,599 tn yr ago, while Nov-Aug crude soy oil import also down 22% to 2.74 mln tn vs. 3.49 mln tn yr ago.

Moreover, recently soy oil the prices have been supported by weak rupees and increase in import tax coupled with higher tariff value for the crude soy oil for the first half of September by government.