Ref.Soya oil trading range for the day is 739-751. Ref Soyoil settled flat tracking weakness in spot demand and other oilseed counters on profit booking. Government raised the import duty on edible oils by 12.5 to 15% across the board and increased MEIS on soymeal to 7% from 5%. India's oilmeal exports dropped by 52% compared to same period a year ago on Higher Prices amid higher prices. At the Indore spot market in Madhya Pradesh, soyoil was steady at 734.85 Rupees per 10 kgs.
For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664
For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664
This post first appeared on Mcx And NCDEX Updates By Epic Research, please read the originial post: here