Ref Soya Oil On NCDEX Settled Up 2.16% At 665.9



Ref.Soya oil on NCDEX settled up 2.16% at 665.9 on short covering tracking firmness in spot demand and other oilseed counters. Prices also seen supported amid limited arrivals of soyabean in production areas due to erratic weather. However, total production of kharif oilseeds in the country is estimated at 23.36 million tonnes which is significantly higher than the production of 16.59 million tonnes during 2015-16. This year production of Kharif oilseed is also higher by 2.33 million tonnes than the average production of last five years. India 2016-17 edible production may rise 20% on favourable weather condition this year.

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