EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 30 NOVEMBER 2017

Ref.Soya oil trading range for the day is 723-737.Ref soyoil dropped tracking weakness in spot demand on profit booking after prices last week gains when government increase the import duty of all edible oils.The government raised the duty of the crude soy oil to 30% from 17.5% to support domestic oilseed industry and farmers.For the second half of November, government raised the base import price of all edible oils.At the Indore spot market in Madhya Pradesh, soyoil was steady at 724.15 Rupees per 10 kgs.

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