Edible Oils Under Pressure on Uncertainty Over New Import Duty, Poor Demand
31/07/2017 (Hindu Business Line) - Uncertainty over import duty and lack of new demand kept edible oils under pressure on Friday. The market witnessed a dull trading day as stockists stayed away, tracking bearish futures. On BCE the majority of edible oils remained unchanged. Malaysian palm oil and Chicago soya oil projections ruled weak, which pulled down NCDEX soya oil by Rs. 2-3 till evening. Local refineries have kept their rates steady.
