Ref.Soya oil trading range for the day is 754-768.
Ref soya oil dropped amid reports of higher availability of oil from domestic crushing and hopes of cheaper imports due to weak prices in global markets.
USDA in its latest monthly update forecast India soyoil production revised down by more than 4% to 16.20 lt, however, production is higher y/y by 16.9%.
According to monthly report released by SEA, crude soy oil imports down 17.3% on year to 1.86 lakh tonnes (lt) in January 2019.
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