Ref.Soyaoil settled up as prices recovered on short covering after seen pressure earlier as weakness as lack of strong demand in domestic markets weighed.
The estimate on ending stocks jumped to 465 million bushels, up 40 million bushels from USDA’s October estimate.
Oilmeal exports during the period fell to 763,113 tonnes from 1.26 million tonnes for the corresponding period last year.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 605 rupees per 10 kgs. For more information ✆ - 0731-6642300 on NCDEX Tips or Visit http://www.epicresearch.co
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