Ref.Soya oil trading range for the day is 649-659.
Ref soyoil dropped tracking weakness in spot demand on estimates of higher oilseed production in the current season due to increased acreage.
The latest data showed that the overall sowing acreage of Kharif oilseeds was reported at 188 lakh hectares
The data suggested that the total area coverage of soybean during kharif 2013 is higher by 13%
At the Indore spot market in Madhya Pradesh, soyoil was steady at 664.15 rupees per 10 kgs.
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