Ref.Soyaoil On NCDEX Settled Up By 0.36% At 636.35



Ref.Soyaoil on NCDEX settled up by 0.36% at 636.35 tracking firmness in spot demand amid short covering after prices dropped on over supply following higher imports data. 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. Prices have been under pressure due to sufficient supplies in the physical market and weak physical demand, which is indicated by decline in edible oil imports last month. Government revised down the tariff value for Crude Soy Oil to 765$ /tonne against 800$ earlier.

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