Ref Soya Oil On NCDEX Settled Down -0.78% At 663.85

Ref.Soya oil on NCDEX settled down -0.78% at 663.85 on continuous profit booking amid subdued demand of soybean from oil crusher. Soybean Processors Association of India (SOPA) projected soybean supply during Oct 2015-July 16 season climbed to 7.541 million tons on expectation of higher yield. The trader body projected total output of 6.92 million ton. SOPA projected total consumption at 6.441 million ton (sowing 1.1 million ton, export and direct consumption at 132,000 ton and crushing at 5.1 million ton) leaving a carry forward balance of 323,000 ton, the release added. 

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