|Bullish global cues aided soya oil market today.The spot prices increased by Rs 1 per kg today. As per the latest data received by Solvent Extractors' Association of India , the Import of vegetable oils during December 2016 is reported at 1,209,685 tons compared to 1,420,902 tons in December, 2015, consisting of 1,174,296 tons of edible oils and 35,389 tons of non-edible oils i.e. down by 15%. The overall import of vegetable oils during first two months of current oil year 2016-17, Nov. & Dec.,2016 is reported at 2,385,149 tons compared to 2,758,337 tons i.e. down by 14%.
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