Ref.Soya oil trading range for the day is 730-740.
Ref.Soya prices dropped on profit booking after prices gained as stockists are active in procuring new season soy oil.
As per monthly SEA import report, India’s vegetable oil imports fell 2.7% on year to 15 million tn in the year ended October.
Reports of higher domestic soy oil production and good imports in coming months will keep the stocks higher.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 738.75 Rupees per 10 kgs.
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