Thursday, 13 October 2016

EPIC RESEARCH NCDEX REFSOYAOIL UPDATE OF 13 Oct 2016

Ref.Soya oil trading range for the day is 653-659.
Ref soyoil prices ended with losses due to on higher supply and subdued demand for Indian oilmeals in exporting markets.
India's soybean oilmeal exports during September slipped 51.45% to 3,343 tons compared to 6,886 tons in the same period a year ago.
US oilseeds processors have crushed 4.219 million tonnes (140.6 million bushel) of soybean during August 2016 which is down from 4.337 million tonnes.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 647.95 rupees per 10 kgs.
               
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