Ref Soya oil On NCDEX Settled Down -0.04% At 658.55


Ref Soya oil on NCDEX settled down -0.04% at 658.55 tracking weakness in spot demand on oversupply woes. Prices of oil were under pressure on oversupply woes after India's soyoil imports rallied 86.35% to 348,195 tons in April compared to 186,849 tons for the same period a year ago, data release from the Solvent Extractors Association (SEA) of India showed. Oilmeals exports have declined 94 per cent to 7,737 tonnes in May, due to lower availability of oilseeds and higher prices in the domestic market.


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