EPIC RESEARCH NCDEX REFINED SOYAOIL UPDATE OF 08 Nov 2016

Ref.Soya oil trading range for the day is 672-678. Ref soyoil ended with gains tracking firmness in spot demand despite of higher supply. Domestic supply of soy oil is likely to intensify as the crushing has been active across the country. Oilmeal exports fell 35 per cent to 90,907 tonnes from 1,39,649 tonnes in the corresponding period last year. At the Indore spot market in Madhya Pradesh, soyoil was steady at 670 rupees per 10 kgs.
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