Friday, 12 May 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 12 MAY 2017

Ref.Soya oil trading range for the day is 619-631. Ref soyoil prices ended with flat node as there is expectation of improving physical demand in coming months due to festival season. However, there is still good domestic supplies due to cheap imports and good domestic crushing. World Soybean oil production is forecast to rise to 56.2 mt in 2017/18 from 54.3 mt last year as per USDA latest report. At the Indore spot market in Madhya Pradesh, soyoil was steady at 628.85 Rupees per 10 kgs.

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