Ref.Soya oil trading range for the day is 690-724. Ref soyoil prices gained tracking firmness in spot demand on reports that government is seriously considering increase in import duty of edible oil.SEA has once again requested the Centre to increase the import duty on edible oils, due to lower oilseed prices and financial loss to farmers. The tariff value for soy oil has been increase by $15 per ton by the government to $839 for the first half of Nov. At the Indore spot market in Madhya Pradesh, soyoil was steady at 683.3 Rupees per 10 kgs.
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