Friday, 19 May 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 19 MAY 2017

Ref.Soya oil trading range for the day is 626-636. Ref soyoil prices dropped on profit booking after prices remained supported tracking global cues amid lower inventories in United States. Soyoil end stocks fell in US in April on lower production following decreasing crushing activity.Soyoil inventories at end of April were 1.725 billion lbs as compared with 1.943 billion lbs a year earlier. At the Indore spot market in Madhya Pradesh, soyoil was steady at 632 Rupees per 10 kgs.



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