Ref.Soya Oil trading range for the day is 708-726. Ref soyoil ended with losses tracking weakness in spot demand after prices gained on concerns over supply. Moreover, hike in the tariff value for soy oil by $15 per ton to $839 for the first half of Nov also support prices.

India’s edible oil imports are likely to rise to 15.90 million tonnes in the 12 months through October 2018, up from an estimated 15.14 million tonnes shipped. At the Indore spot market in Madhya Pradesh, soyoil was steady at 692.5 Rupees per 10 kgs.

SELL REF SOYA DEC 2017 @ 718.00 SL 722.00 TGT 714.00-709.00.NCDEX.

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