Friday, February 3, 2017

Ref.Soya oil trading range for the day is 686-700. Ref soy oil dropped on profit booking after seen supported on demand hope at lower level and lower stockpiles in global market. As per USDA before 2017 harvest, world bean-oil reserves will fall 9% to lowest since 2005. According to cargo surveyors, soy oil stock at various ports of the country dropped to 99,575 tonnes. At the Indore spot market in Madhya Pradesh, soyoil was steady at 710.8 Rupees per 10 kgs. 

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