Ref.Soya oil trading range for the day is 726-742.Ref soyoil gained as support continues on expectation that hike in import duty to spark domestic demand. The government on weekend hiked tax on increased import tax on all the edible oils in a bid to curb surging imports and protect farmers' interest. For the second half of November, government raised the base import price of all edible oils, with the steepest increase of $23 per tn in crude soyoil.At the Indore spot market in Madhya Pradesh, soyoil was steady at 718.9 Rupees per 10 kgs.
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