EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 9 JANUARY 2017

Ref.Soya oil trading range for the day is 709-725. Ref soyoil prices ended with flat node due to weakness in spot demand. Pressure seen on prices higher level due to higher production in 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. At the Indore spot market in Madhya Pradesh, soyoil was steady at 731.4 rupees per 10 kgs.

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