Thursday 22 January 2015

REF. SOYA OIL TRADING RANGE 629-649, DOWN AT 636.9

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Ref.Soya oil trading range for the day is 629-649. Ref.Soyaoil settled down by -0.78% at 636.9 tracking weakness in spot demand amid higher supply following robust imports data. India's soyoil imports jumped to 97,027 tons compared to 53,500 tons for the same period a year ago, data released by the SEA of India showed. Soybean oil meal exports dropped to 193,832 tons in December compared to 451,314 tons for the corresponding period a year earlier, data from SEA of India showed.
At the Indore spot market in Madhya Pradesh, soyaoil was steady at 663.3 rupees per 10 kgs.

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