- Ref.Soya oil trading range for the day is 644-654.
- Ref soyoil dropped tracking weakness in spot demand on profit booking after prices rose as the government raised import duty on edible oils.
- Import duty on refined edible oil or RBD Palmolein has been increased to 25% from 15% at present.
- India's edible oil imports during July climbed by 33% to 1.48 million tons as compared to 1.11 million tons in July 2016.
- At the Indore spot market in Madhya Pradesh, soyoil was steady at 637.3 Rupees per 10 kgs.
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