Ref soyaoil trading range for the day is 692.4-700.6.
Ref soyaoil ended with losses tracking weakness in spot demand as prices failed to sustain on higher levels.
Vegetable oil imports declined by over 29 per cent to 6.54 lakh tonnes in April as inventories piled up on sluggish local demand.
Imports slowed down in April as inventory was huge due to excessive purchase of vegetable oils from the global market.
At the Indore spot market soyoil edged down by -2.45 rupee to 725.5 rupees 10 kgs.
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Ref soyaoil ended with losses tracking weakness in spot demand as prices failed to sustain on higher levels.
Vegetable oil imports declined by over 29 per cent to 6.54 lakh tonnes in April as inventories piled up on sluggish local demand.
Imports slowed down in April as inventory was huge due to excessive purchase of vegetable oils from the global market.
At the Indore spot market soyoil edged down by -2.45 rupee to 725.5 rupees 10 kgs.
GET FREE
MCX TIPS , EQUITY TIPS, COMMODITY TIPS FREE TRIAL , NCDEX TIPS , AGRI COMMODITY TIPS , SHARE MARKET TIPS, STOCK MARKET TIPS, Intraday Stock Tips, CLICK HERE FOR FREE TRIAL
GET FREE TRIAL +91 731 6642300
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