Ref soyaoil trading range for the day is 703.03-716.43.
Ref soyoil ended with losses due to weak export demand for soymeal and a rise in supplies in local spot markets.
Global oilseed trade for 2012/13 is projected at 114.4 million tons, down 1.4 million mainly reflecting reduced soybean trade.
Higher soybean imports are projected for several countries including Egypt, EU-27, Mexico, and Vietnam.
At the Indore spot market soyoil edged down by -1.35 rupee to 724.5 rupees 10 kgs.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.