EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 30 JANUARY 2017

Ref.Soya oil trading range for the day is 698-714. Ref soyoil prices dropped on expectation of higher supply from global market. Moreover, expectation of higher output during the current rabi season were also dragged the prices. According to USDA weekly export sales report, net sales of 7,300 tons for 2016-17 down by 77% from the previous week. At the Indore spot market in Madhya Pradesh, soyoil was steady at 719.35 Rupees per 10 kgs.

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