EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 16 MAY 2017

Ref.Soya oil trading range for the day is 623-635. Ref soyoil ended with gains on buying at lower level and expectation of lower import demand. Prices of the oil will also be up as there is big uncertainty about implementation of GST. India’s oilmeals exports for April 2017 increased 19 per cent to 135,474 tonnes as compared to 113,978 tonnes.At the Indore spot market in Madhya Pradesh, soyoil was steady at 627.55 Rupees per 10 kgs.

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