Ref.Soya oil trading range for the day is 733-745. Ref soyoil ended with losses due to profit booking tracking weakness in spot demand and other oilseed counters. As per USDA, India’s 2017/18 imports of soy oil is reduced 0.155 MMT to 3.645 MMT from 3.8 MMT in its earlier review. Consumption of soy oil in India in 2017/18 is reduced to 5.2 MMT from 5.4 MMT in its earlier review. At the Indore spot market in Madhya Pradesh, soyoil was steady at 735.25 Rupees per 10 kgs.
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