Ref Soyaoil On NCDEX Settled Up By 0.57% At 647.15

Ref.Soyaoil on NCDEX settled up by 0.57% at 647.15 on improved demand in export market. Ref soyoil prices 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. As per NOPA, soybean crushing for the month of May was at 152.28 million bushels a year ago during the same time it was 148.416 million bushels. Moreover, USDA weekly sales reported net sales of soyoil for 2015/16 jumped by 2% to 14,000 tons on week.

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