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Edible oil prices in Indore mandis rose on expectations of a higher import duty on soya oil, with refined soya and palm oil quoted higher. Mustard seed also traded higher while groundnut oil was lower.
Anticipated Indian import duty hikes make domestic vegetable oil prices firmer despite weak global cues, supporting soyoil and palm oil values for feed and oilseed buyers.
thehindubusinessline.comThe HinduBusinessLineNov 9, 2017After 842 past bullish policy events, SBO moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 548 past bullish policy events, PALMOIL moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
