Ref soyoil ended with gains tracking firmness in spot demand after dropped as prospects of rains over soybean-growing areas of central India weighed.
India Soybean oilmeal exports dropped 92% to 8,226 tons in May compared to 96,492 tons in May 2013.
Export demand for soymeal from India is weak as domestic prices are uncompetitive on tight supplies amid expectation of lower sowing.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 701.6 rupees per 10 kgs.
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