Tuesday, 9 May 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 09 MAY 2017

Ref.Soya oil trading range for the day is 622-634.Ref soyoil ended with losses as there is still good domestic supplies due to imports and good domestic crushing.However downside seen limited on expectation of improving physical demand in coming months.SEA estimates put rabi oilseeds production at 91.76 lakh tonnes against 77.41 lakh tonnes last year, up 18.5% on year-on-year basis.At the Indore spot market in Madhya Pradesh, soyoil was steady at 628.15 Rupees per 10 kgs.

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