Ref Soyaoil On NCDEX Settled Down By -0.76% At 639.1

Ref.Soyaoil on NCDEX settled down by -0.76% at 639.1 tracking weakness in spot demand amid over supply following higher imports data. India's soybean oilmeal exports slumped 92.77% to 1,015 tons in June compared to 14,046 tons for the corresponding period a year earlier, data released from Solvent Extractors Association of India (SEA) showed. According to USDA soy oil stocks as of now stood at 1.994 billion lbs. Sources had forecast soy oil stocks of 1.971 billion lbs. Stocks were 1.578 billion lbs a year ago and 1.943 billion at the end of April.

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