Wednesday, 11 January 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 11 JANUARY 2017

Ref.Soya oil trading range for the day is 709-721.
Ref soyoil prices ended with losses on demand worries in local mandis.
Moreover, higher production forecast in South America may have bearish impact on the domestic refined soyoil prices.
However downside seen limited limited amid weather concerns in Argentina raising crop concerns.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 727 rupees per 10 kgs.

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