Friday, June 23rd 2017

Refined Soya Oil

Refined Soya Oil Meaning:
In commodity market terminology, Refined Soya Oil refers to the oil extracted from soybeans with hexane and then refined and blended. Refined Soya Oil has a number of uses and is sold as vegetable oil, as well as being used in processed foods. Approximately 80% of margarine is made with Refined Soya Oil.

Refined Soya Oil Example:
Refined Soya Oil futures trade on the Multi-Commodities Exchange MCX in India. Contracts are for ten Kilograms and are quoted in Indian Rupees with a minimum fluctuation of 10 Paise.
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