NCDEX Settled Up By 0.52% At 645.95

NCDEX settled up by 0.52% at 645.95 due to buying at lower level after prices dropped due to oversupply woes. India oilmeal exports in the month of July jumped 99% from a year earlier while exports during Apr-Jul fell 47% on higher prices and lower production of the bean in the domestic market, data released from Solvent Extractors Association of India (SEA) showed. India's total oilmeal exports climbed to 87,944 tons in July compared to 44,238 tons a year earlier. According to United States Department of Agriculture (USDA) August estimates, U.S 2016/17 soy oil end stocks fell by 8.1 percent m-o-m to 1,755 million lbs from 1,910 million lbs in July estimate

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