- Ref soyoil gained supported by higher import duty, weaker rupees and improving physical demand.
- SOPA said that soymeal export of India is likely to jump as much as 70% in 2018/19 from a year ago, on the back of expected purchases from China.
- further said the additional demand could lift the south Asian country's soymeal exports in the new marketing season starting from October to 3 million tonnes.
- At the Indore spot market in Madhya Pradesh, soyoil was steady at 746 Rupees per 10 kgs.
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