Tuesday 31 May 2016

EPIC RESEARCH NCDEX REF. SOYA OIL UPDATE OF 31 MAY 2016

Ref.Soya oil trading range for the day is 643-655.
Ref soyoil prices ended with losses on over supply following higher imports data.
Soybean oilmeal exports plunged 91.99% to 1,442 tons in April compared to 18,017 tons for the corresponding period a year earlier.
Global oilseed production for 2016/17 is projected at 533.8 million tons, up 2.1 percent from 2015/16.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 641.45 rupees per 10 kgs.
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