3/03/2016 01:05:00 PM
Ref soyoil prices dropped due to reports of higher imports of edible oil continues for the month of February keeping sufficient stocks with the stockists.
Soymeal exports touched an all time low of 7,707 tonnes in January this year, due to higher bean prices in the domestic market.
As per latest SEA data, edible oils import decline m-o-m to 12.55 lt 14.07 lt in January 2016 from 14.07 in December 2015.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 603.8 rupees per 10 kgs.
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