Tuesday, 10 January 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 10 JANUARY 2017

Ref.Soya oil trading range for the day is 712-722. Ref soyoil gained on late short covering after prices dropped amid expectation of higher supply in mandis. Moreover, higher production forecast in South America may have bearish impact on the domestic refined soyoil prices. Stocks were at various ports of the country were around 130,000 tons against 163,000 tons same period last year. At the Indore spot market in Madhya Pradesh, soyoil was steady at 729.75 rupees per 10 kgs.

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