India Edible Oil Up; NCDEX soybean rises 2% on import duty hike

Futures of all components in the edible oil basket rose, with soybean contracts gaining the most. Futures of soybean on the NCDEX rose nearly 2% supported by the recent import duty hike on the oilseed. Mustard contracts on the NCDEX traded higher taking cues from the benchmark market of Jaipur.