Wednesday, 17 May 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 17 MAY 2017

Ref.Soya oil trading range for the day is 626-636.Ref soyoil prices ended with gains tracking firmness in spot demand despite of oversupply woes.According to USDA report, the production of soyoil in 2017/18 to increase by 5.5% to 16.9 lt while consumption to improve 7.4% to 58 lt.Government increases the tariff value for crude soyoil for the second half of May by $13 to $793 per tonnes. At the Indore spot market in Madhya Pradesh, soyoil was steady at 630 Rupees per 10 kgs.

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