Ref Soyaoil On NCDEX Settled Down By -0.29% At 655.25



Ref Soyaoil on NCDEX settled down by -0.29% at 655.25 due to on higher supply and subdued demand for Indian oilmeals in exporting markets. With prospects of bumper soybean crops and lower crush margins supply of the oil in domestic market is expected to rise in near-term which will keep soyoil under pressure. India's soybean oilmeal exports during September slipped 51.45% to 3,343 tons compared to 6,886 tons in the same period a year ago, data released from Solvent Extractors Association of India (SEA) showed. Total oilmeal exports in the month of September dropped 35% from a year earlier on higher prices of Indian oilseeds in export market and lower oilseeds stocks for crushing, data released from Solvent Extractors Association of India (SEA) showed.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
NewerStories OlderStories Home

0 comments: