Ref.Soya oil trading range for the day is 604-612.
Ref.Soyaoil settled down on profit booking after prices gained on improvement in demand and on speculation that government may hike imports duty.
Festive season domestic demand is expected to provide support to the rates that have fallen a lot over last few weeks.
The industry is demanding the government to raise import duty on refined oil to 25% from 15% to support the interest of the farmer.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 622.4 rupees per 10 kgs.
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