Ref.Soya oil dropped on late profit booking after prices seen supported amid weather vagaries in the northern growing belts of India.
However, as per IMD, rains are likely to advance in the coming week to northern parts of India which may speed up the sowing progress.
India Soybean oilmeal exports dropped 92% to 8,226 tons in May compared to 96,492 tons in May 2013.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 704.35 rupees per 10 kgs.
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