Ref soyoil ended with gains on speculation that government may hike imports duty.
The industry has requested government to raised import duty on crude edible oil and refined oil by another 30% on both crude and refined oils.
India’s vegetable oil import is likely to set a new record at 14 million tonnes (mt) this year, on lower availability from domestic sources.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 579.3 rupees per 10 kgs. For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co
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