Wednesday, January 18, 2017

Ref.Soya oil trading range for the day is 719-737. Ref.Soyaoil prices ended with gains on demand hope in local mandis and on supply worries from Argentina. The prevailing supply concerns in Argentina due to weather uncertainty pushed up prices. India's vegetable oil imports during the first couple months of current marketing year Nov-Dec (2016-17) dropped 14% at 2.385 million tons. At the Indore spot market in Madhya Pradesh, soyoil was steady at 731.6 rupees per 10 kgs. 

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