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Posted: Thu May 09, 2013 4:11 am
by epicresearch
Ref soyaoil trading range for the day is 687.02-697.22.Ref soyaoil gained following gains in the overseas markets, though weak export demand for oilmeal limited the upsideThere is a supply deficit in the near term that is supporting global and local prices.The upside in local soybean prices is limited as exports orders for soymeal are dwindling.At the Indore spot market soyoil edged down by -2.4 rupee to 724.15 rupees 10 kgs.