Ref soyoil prices dropped on higher supply of the oil in domestic market following robust imports data.
India soybean oil imports jumped 65.35% in April after local demand of edible oils rose due to lack of domestic crushing.
India's soyoil imports jumped to 186,849 tons in April compared to 113,000 tons for the same period a year ago.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 601.7 rupees per 10 kgs.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co
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