Ref.Soya oil trading range for the day is 697-717. Ref soyoil dropped tracking weakness in spot demand after on profit booking prices gained on reports that government is seriously considering increase in import duty. Chinese imports of oilseeds are forecast to grow to a record 99.8 million tonnes in 2017/18, up 1.3 million tonnes from the prior season.India’s edible oil imports are likely to rise to 15.90 million tonnes in the 12 months through October 2018. At the Indore spot market in Madhya Pradesh, soyoil was steady at 0 Rupees per 10 kgs.
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