Ref Soyaoil On NCDEX Settled Down By -0.18% At 715.85

Ref Soyaoil on NCDEX settled down by -0.18% at 715.85 on demand worries in local mandis. However downside seen limited limited amid weather concerns in Argentina raising crop concerns. Heavy rains in Argentina raised crop damage concerns in areas were bumper production was expected. Demand for soy oil is sluggish as end-consumers despite slowing impact of demonetisation, continued to buy essential commodities as per requirement. In addition to it, availability of other edible oil is improving in domestic market and fuelling weakness in oil market.

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