EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 01 DECEMBER 2017

Ref.Soya oil trading range for the day is 739-755. Ref soyoil prices gained amid higher import duty and good demand from the stockists. 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, with the steepest increase of $23 per tonnes in crude soyoil.At the Indore spot market in Madhya Pradesh, soyoil was steady at 720.65 Rupees per 10 kgs.

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