Monday, 22 May 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 22 MAY 2017

Ref.Soya oil trading range for the day is 627-641. Ref soyoil ended with gains on buying at lower level and expectation of lower import demand. USDA estimates, U.S 2016/17 ending stocks of soy oil is fell 2.83 percent to 2,062 million lbs from 2,122 million lbs in March estimate. India’s oilmeals exports for April 2017 increased 19 per cent to 135,474 tonnes as compared to 113,978 tonnes last year. At the Indore spot market in Madhya Pradesh, soyoil was steady at 632.4 Rupees per 10 kgs.



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