Ref.Soya Oil Settled Down On Reports Of Higher Crushing

Ref.Soya oil trading range for the day is 748-764.

Ref.Soya oil settled down on reports of higher crushing by plants during October-January.

USDA in its latest monthly update forecast India soyoil production at 16.92 lakh tonnes, up 2.2% on month and 22.1% on year.

Soyoil imports are unchanged for month at 34 lakh tonnes, but up 14% on year. Consumption pegged at 49.5 lakh tonnes, up 7% compared to last year.

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