6/02/2016 10:52:00 AM
Ref soyoil prices ended with gains on short covering after prices dropped on oversupply hope and weak demand.
However upside seen limited on demand worries for oil after NOPA said that US soybean crushing fell 5.79% to 147.61 million bushels on month.
India imported 12.30 lakh tons of edible oil in April 2016 compared to 10.98 lakh tons in April 2015, higher by 12 percent y-o-y.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 640.5 rupees per 10 kgs.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co
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