Ref Soyaoil On NCDEX Settled Up By 0.67% At 732.55

Ref.Soyaoil on NCDEX settled up by 0.67% at 732.55 on expectation of strong demand in global market and on lower stockpiles in United States. European Union's soybean crushing for the year to August 2017 are likely to reach record high volumes, the Oil World forecasted. United States Environmental Protection Agency (EPA) raised 2017 bio-fuel target amid robust demand in export market. The new target was much higher than market expectations at 19.28 billion gallons compared to 18.11 billion gallons in this year.

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