Ref.Soya oil trading range for the day is 716-726.
Ref.Soya oil dropped due to higher stocks at port, expectation of higher imports due to low tariff value.
Pressure also seen due to bumper production outlook of soybean for India and subdued domestic buying.
In a fortnightly notification, Government cut tariff value of crude soy oil by 18 dollar to $711 per tn for the first half of April.
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