Ref.Soya oil trading range
for the day is 631-643.
Ref soyoil prices ended with gains on short covering after prices dropped on higher supply.
Prices also seen supported taking cues from edible oil complexes on robust demand in domestic market. USDA in its WASDE reported hiked 2016-17 soyoil inventories to 920,000 tons in June compared to 910,000 in May. At the Indore spot market in Madhya Pradesh, soyoil was steady at 628 rupees per 10 kgs.
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Ref soyoil prices ended with gains on short covering after prices dropped on higher supply.
Prices also seen supported taking cues from edible oil complexes on robust demand in domestic market. USDA in its WASDE reported hiked 2016-17 soyoil inventories to 920,000 tons in June compared to 910,000 in May. At the Indore spot market in Madhya Pradesh, soyoil was steady at 628 rupees per 10 kgs.
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