8/26/2015 01:47:00 PM
Ref soyoil ended with small gains supported by speculation that government may hike import duty on edible oil.
India’s vegetable oil import is likely to set a new record at 14 million tonnes (mt) this year, on lower availability from domestic sources and subdued prices.
The bearish demand-supply report given by the USDA this month shall be another negative factor for the near term price movement.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 580 rupees per 10 kgs.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co
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