Ref soyoil prices trading in range on good demand from the stockists on expectation of improved physical demand.
India imported 1.15 million tonnes of vegoils during march 2018 versus 1.11 tonnes in March 2017
Recently, government raised the import duty on edible oils by 12.5% to 15% across the board and increased MEIS on soybean meal to 7% from 5%.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 750.35 Rupees per 10 kgs.Subscribe now for best MCX Tips and NCDEX Tips
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