Capital stroke NCDEX Update : REF SOYA OIL 28 MAY 2014

Ref.Soya oil trading range for the day is 673-687.Ref.Soya oil settled down on poor buying support at higher prices amid weak spot demand.However, India Meteorological Department’s forecast of below normal rains and firm cues from the international market, capped some losses.In domestic market, low availability of good quality seeds for sowing limited the downside.At the Indore spot market in Madhya Pradesh, soyoil was steady at 693.5 rupees per 10 kgs.

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