NCDEX soybean, MCX CPO seen up on import duty hike

Soybean and soyoil futures on NCDEX and crude palm oil contracts on MCX may open higher as the government has hiked import duty on these commodities. The most-active November contract of CPO on MCX had ended 0.7% higher at 547.1 rupees per 10 kg. The December contract of soybean on NCDEX closed down 0.1% from previous close.