Tuesday, 30 May 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 30 MAY 2017

Ref.Soya oil trading range for the day is 613-623.Ref soyoil ended with losses tracking global cues amid oversupply woes. India's soyoil imports during April declined by 12.42% to 304,942 tons as compared to 348,195 tons for the same period a year ago.World soybean oil inventories as percentage of use will fall for a third straight year to the lowest since 1977 in the season that begins Oct. 1.At the Indore spot market in Madhya Pradesh, soyoil was steady at 621.3 Rupees per 10 kgs.

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