Ref.Soya oil trading range for the day is 583-599.
Ref soyoil ended with gains due to higher demand in the spot market and on concerns of rainfall.
Prices will be positive as Indian government cut its output estimates for the crop and US cuts its forecast for the crop stockpiles.
Prices will also be supported on talk that the government may hike import duty to protect the interest of farmers.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 599.25 rupees per 10 kgs.
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