- Ref.Soya oil trading range for the day is 664-678.
- Ref soyoil ended with losses due to profit booking after prices gained supported by anticipation of good festival demand in coming weeks.
- With improvement in oilseeds production in next five years along with increase in yield, ICRA expects the edible oil production to be around 11 million tonnes in 2021-22.
- The government raised the base import price of crude soyoil by $17/tonnes to $835/tonnes according to a notification from the Central Board of Excise and Customs.
- At the Indore spot market in Madhya Pradesh, soyoil was steady at 659.1 Rupees per 10 kgs.
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