Ref.Soya oil trading range for the day is 649-663. Ref soyoil prices settled flat as pressure seen on prospects of better supply amid bumper production estimates. India's soybean oilmeal exports during January climbed multi fold to 155,160 tons as compared to 28,400 tons in January 2015. As per USDA, in 2016-17, soya oil production in India is expected to be around 1.62 million tonnes. At the Indore spot market in Madhya Pradesh, soyoil was steady at 664.45 Rupees per 10 kgs.
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