Ref Soya Oil On NCDEX Settled Down -0.26% At 638.75

Ref.Soya oil on NCDEX settled down -0.26% at 638.75 on profit booking after prices gained on hope of improvement in demand. India edible oil imports jumped 14% in June on lower prices of edible complex in global market, data release from the Solvent Extractors Association (SEA) of India showed. Due to higher imports the domestic refining industry is facing severe crisis of under utilization of capacity and is on the verge of closure and justify increasing in duty difference between crude and refined vegetable oils from 7.5% to 15.

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