Tuesday, 3 January 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 3 JANUARY 2017

Ref.Soya oil trading range for the day is 703-725. Ref soyoil ended with gains due to good physical demand and improved soybean prices in the domestic market. India’s overall kharif oilseeds production is projected at 178.25 lakh tonnes (lt) for 2016-17 against 126 lt last year. For the 2016-17 oil year total edible and non-edible oil imports are expected to hover around 14.5 mt (14.73 mt). At the Indore spot market in Madhya Pradesh, soyoil was steady at 732 rupees per 10 kgs.

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