Ref soyoil prices ended with gains tracking firmness in spot demand amid due to higher import duty.
Government hiked import duty on refined soyaoil rose 20% from 15% to boost domestic consumption and production.
Edible oil imports are likely to increase to 14 million tons in the 2014-15 oil year from 11.6 million tons in the previous year.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 610.55 rupees per 10 kgs.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co
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