Ref Soyaoil On NCDEX Settled Down By -1.41% At 670.55

Ref Soyaoil on NCDEX settled down by -1.41% at 670.55 tracking weakness in spot demand on prospects of higher supply. However, soyoil prices were down currently, soy oil stock at various ports of the country rose week on week by 50% as on now. Further higher oilseed production has raised prospects of better oil production in the country has also hurt demand. India's 2016-17 soybean crop rose significantly at 11.4 million tons followed by great prospects for rabi mustard seed.

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