Thursday, 12 January 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 12 JANUARY 2017

Ref.Soya oil trading range for the day is 715-723. Ref soyoil prices gained tracking firmness in spot demand after prices dropped on expectation of higher supply from Argentina. As per Argentina's agro industry ministry soyoil production was 8 million tons compared with 7.4 million tons in same period last year. India’s overall kharif oilseeds production is projected at 178.25 lakh tonnes (lt) for 2016-17 against 126 lt last year. At the Indore spot market in Madhya Pradesh, soyoil was steady at 725.15 rupees per 10 kgs.

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