ef.Soyaoil settled flat as downside was limited after the GOI hiked import duty on edible oils.
For crude edible oils, the import duty was raised from 7.5% to 12.5%.
Oilseeds sowing rose to 12.71 million hectare from only 3.8 million hectare a year ago on the back of steep rise in soybean and groundnut acreage.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 576.4 rupees per 10 kgs.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co
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