Ref.Soya oil trading range for the day is 727-745. Ref soyoil ended with losses tracking weakness in spot demand amid higher supplies. There are reports of good physical demand from the oil millers after hike duty on in edible oil imports. Government has increased export incentives by 2% for all oilmeals but it was earlier expected to double the incentive on export of oilmeals to 10%.At the Indore spot market in Madhya Pradesh, soyoil was steady at 718.5 Rupees per 10 kgs.
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