Ref Soyaoil On NCDEX Settled Up By 0.58% At 634.1

Ref Soyaoil on NCDEX settled up by 0.58% at 634.1 amid buying at lower level tracking firmness in spot demand. Market participants are avoiding big commitment for commodity as supply of edible oil seen easily available throughout the year without any disruption and uncertainty about prices due to weakening futures market. On the other hand, demand for refined soy oil from retailers is as per requirement, while big players are divided for import of edible oil due to low price gap within oil complex.

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