Soya refined oil settled down by 0.23percent to Rs.713.50 due to profit booking despite lower oilseeds production expectation.
As per latest release from Solvent Extractors Association of India (SEA OF India), the import of vegetable oils during January 2012 is reported at 6.59 lakh tonnes compared to 7.21 tonnes in January 2011, consisting of 6.47lakh tonnes of edible oils and 0.12 lakh tonnes on non-edible oils i.e. down 8.59%.
This was mainly due to strong domestic crushing of soyabean .
BUY NCDEX SOYAOIL (MARCH) ABOVE 705 SL 700 TGT 725
R1 715 R2 720 S1 700 S2 695.
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