Sunday 22 June 2014

Capital stroke NCDEX Update : SOYA OIL 23 June 2014



Ref.Soya oil trading range for the day is 678-692.
Ref soyoil ended with losses driven by sluggish local demand and weak exports of soymeal.
Prices also seen under pressure tracking global cues as favourable weather conditions in US bolstering the prospects of robust output.
India soybean oil meal exports dropped to 8,226 tons in May compared to 96,492 tons in May 2013, data from the SEA of India showed.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 699.35 rupees per 10 kgs.

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