EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 31 MAY 2017

Ref.Soya oil trading range for the day is 612-620.Ref soyoil prices ended with losses due to low demand and ample stockpiles.SOPA has asked the government to raise import duty on refined and crude soyoil to protect the interest of domestic farmers.India's oilseeds industry body has cut its soymeal export forecast by 25% from its previous outlook.At the Indore spot market in Madhya Pradesh, soyoil was steady at 618.25 Rupees per 10 kgs.

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