Ref soyoil ended with gains on short covering tracking firmness in spot demand after prices dropped on reports of good stocks level in the country.
As per SEA monthly report, as on June 1, country' edible oil stock (in ports and pipeline) is at highest level ever at 26.6 lt putting pressure on domestic prices of edible oils.
India's vegetable oil imports declined 7% on year to 1.3 mln tn in May, according to data released by the Solvent Extractors' Association of India.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 746.6 Rupees per 10 kgs. -
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