Ref.Soya oil trading range for the day is 667-683. Ref Soyoil prices ended with gains tracking firmness in spot demand and soyabean prices despite of sufficient supplies. Edible oilseed production for 2016-17 (kharif and rabi) is forecast to be an all-time high of 35 million tonnes (mt). According to USDA, India’s soy oil imports in 2016/17 are estimated to rise by 0.4 MMT to 4.00 MMT from 3.6 MMT. At the Indore spot market in Madhya Pradesh, soyoil was steady at 670.9 rupees per 10 kgs.
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