Tuesday, 2 May 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 02 MAY 2017

Ref.Soya oil trading range for the day is 607-615.Ref soyoil prices settled flat due to slack physical demand and weak global cues.However downside seen limited on reports of reintroduction of bio-diesel tax credit bill which may affect imports negatively and boost demand.NOPA said its members crushed 153.060 million bushels during March, up from 142.792 million bushels in February.At the Indore spot market in Madhya Pradesh, soyoil was steady at 612.95 Rupees per 10 kgs.

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