Wednesday, 10 May 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 10 MAY 2017

Ref.Soya oil trading range for the day is 626-632. Ref soyoil ended with gains tracking firmness in spot demand and overseas prices. India’s oilmeals exports for April 2017 increased 19% to 135,474 tonnes as compared to 113,978 tonnes in the corresponding month last year. According to USDA April estimate, U.S 2016/17 ending stocks of soy oil is increased to rise to 2,122 million lbs from 1,772 million lbs in March estimate. At the Indore spot market in Madhya Pradesh, soyoil was steady at 628.4 Rupees per 10 kgs.

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