- Ref.Soya oil trading range for the day is 747-757.
- Ref soyoil dropped on profit booking after prices gained amid higher import tax and removal of stock limit which prompted buying.
- Government has removed stock limit on edible oils which may spark fresh buying at from stockiest and retailers.
- Government increased import duty on soy oil from 35% to 45%. India's vegetable oil imports declined 7% on year to 1.3 mln tn in May
- At the Indore spot market in Madhya Pradesh, soyoil was steady at 750 Rupees per 10 kgs.
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