The NOPA said that inventories of the oil had dropped sharply last month, to a smaller than expected 1.376 billion pounds from August 1.62 billion.
Oilmeal exports for September fell 35 per cent to 90,907 tonnes from 1,39,649 tonnes in the corresponding period last year.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 659.7 rupees per 10 kgs.
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