Ref.Soya oil trading range for the day is 560-572.
Ref.Soyaoil gained by 0.52% on improvement in demand from oil crusher in domestic market due to festival season.
Prices had bounced back from strong support levels despite bearish demand-supply report given by the USDA.
However, higher veg oil import in July and sufficient stocks with the stockists may be negative for prices.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 583.9 rupees per 10 kgs.
Ref.Soyaoil gained by 0.52% on improvement in demand from oil crusher in domestic market due to festival season.
Prices had bounced back from strong support levels despite bearish demand-supply report given by the USDA.
However, higher veg oil import in July and sufficient stocks with the stockists may be negative for prices.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 583.9 rupees per 10 kgs.
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