Ref Soya Oil On NCDEX Settled Up 0.65% At 637.25

Ref.Soya oil on NCDEX settled up 0.65% at 637.25 on short covering after prices dropped on higher supply. Ref soyoil prices also seen supported taking cues from edible oil complexes on robust demand in domestic market ahead of festive season and on supply worries from world's biggest supply of oil. USDA in its WASDE reported hiked 2016-17 soyoil inventories to 920,000 tons in June compared to 910,000 in May.

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