Ref.Soya oil trading range for the day is 714-724. Ref soyoil dropped on expectation of Higher Supply in global Market and on demand concerns in domestic market. Expectation of higher supply from Brazil and India and weak demand from Indian oil crushers kept bean under pressure. Prices were also down on lower off take of soymeal whereas supply of soybean in market yard is slowly increasing on easing of cash crunch. At the Indore spot market in Madhya Pradesh, soyoil was steady at 723.85 rupees per 10 kgs.
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