Ref.Soya Oil Gained On Short Covering After Prices Dropped Due To Higher Stocks

Ref.Soya oil trading range for the day is 714-726.

Ref.Soya oil gained on short covering after prices dropped due to higher stocks at port, expectation of higher imports due to low tariff value.

India’s vegetable oil imports rose 26% on year to 1.45 mln tn in March, according to data from the Solvent Extractors' Association of India.

According to report, soy oil import jumped by 64.7% to 2.20 lt in February compared to 1.34 lt last year same month.

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