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.
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.