Friday 30 November 2018

Ref Soyoil Dropped Due To Firmness In Indian Rupee

Ref.Soya oil trading range for the day is 714-728.

Ref soyoil dropped due to firmness in Indian rupee and expectations of higher domestic availability of soyoil on the back of bumper output of soybean.

India's 2018-19 soybean production is projected at 13.46 million tons, up 22.5% over previous year, agriculture ministry data showed.

India's October soyoil imports were down at 264,089 tons from 341,402 tons a month ago.

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