Ref Soyaoil On NCDEX Settled up by 1.16% at 643.55

Ref Soyaoil on NCDEX settled up by 1.16% at 643.55 tracking firmness in spot demand and other oilseed counters after prices dropped on higher supply. India imported 17 per cent more vegetable oil in February 2017 at 1,270,443 tonnes, compared to 1,082,009 tonnes in the corresponding month last year. However, so far in the current oil year (November to October), vegetable oil imports have declined by a modest 8 per cent to 4,680,451 tonnes (November 2016-February 2017 period) as against 5,098,400 tonnes in the corresponding period last year.

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