Ref. Soya Oil under fresh buying; Support seen at 737

Ref. Soya Oil market is under fresh buying as market has witnessed gain in open interest by 1.32% to settled at 35250 while prices up 0.55 rupees.

–Ref. Soya Oil trading range for the day is 736-740.
–Ref. Soya Oil prices seen supported as stockists are active in procuring new season soy oil.
–As per monthly SEA import report, India’s vegetable oil imports fell 2.7% on year to 15 million tn in the year ended October.
–Reports of higher domestic soy oil production and good imports in coming months will keep the stocks higher.
–At the Indore spot market in Madhya Pradesh, soyoil was steady at 741.5 Rupees per 10 kgs.

Please follow and like us:

Leave a Reply

Your email address will not be published. Required fields are marked *