RefSoyaoil On NCDEX Settled Down By -0.48% At 637.65

Ref.Soyaoil on NCDEX settled down by -0.48% at 637.65 on limited demand at higher prices and weakness in rival palm oil prices. With southwest monsoon advancing into major soybean growing regions, sowing progress in these areas is likely to have pressure on soyoil prices too. Oilmeal exports from India nosedived 61 per cent in the period between April and June this year on account of lower availability of oilseeds for crushing and continuous disparity in exporting meals in the international market.

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