EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 1 FEBRUARY 2017

Ref.Soya oil trading range for the day is 676-692. Ref soyoil ended with losses on weak demand and on expectation of higher supply. Prices of oil were down with the commencement of harvesting activity in Brazil and better weather conditions over Argentina NOPA showed that crushing in US was around 160.176 million bushels of soybeans in December At the Indore spot market in Madhya Pradesh, soyoil was steady at 705.85 Rupees per 10 kgs.

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