Ref.Soya oil trading range for the day is 686-702.
Ref soyoil ended with losses due to weak demand from local buyers and lacklustre soymeal exports.
India soybean meal exports dropped to 8,226 tons in May compared to 96,492 tons in May 2013.
Chinese soybean imports may increase in June to as much as 7.5 million tons, “a near record” and up from 6.9 million tons at the same time last year.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 703.5 rupees per 10 kgs.
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