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

Ref.Soya oil trading range for the day is 736-746.

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

In a fortnightly notification, Government cut tariff value of crude soy oil by 18 dollar to $693 per tn for the 2nd half of April.

SEA forecast soybean output at 102.43 lt in 2018/19, up more than 23% y/y.

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