Refined Soya Oil
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 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.