Monday, February 6, 2017

Ref.Soya oil trading range for the day is 685-695. Ref.Soya oil settled down tracking weakness in spot demand and overseas prices despite of supply worries. Supply worries seen after (USDA) before 2017 harvest, world bean-oil reserves will fall 9% to lowest since 2005. According to USDA weekly export sales report, net sales of 7,300 tons for 2016-17 down by 77% from the previous week. At the Indore spot market in Madhya Pradesh, soyoil was steady at 709.85 Rupees per 10 kgs.

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