Ref Soyaoil On NCDEX Settled Down By -1.2% At 636.15

Ref Soyaoil on NCDEX settled down by -1.2% at 636.15 tracking weakness in spot demand amid rising supply. Prices also dropped on demand worries in global market after the National Biodiesel Board petitioned the US government to impose antidumping and countervailing duties on imports of biodiesel from Argentina and Indonesia that it says have flooded the US market and violated trade agreements.

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