Tuesday, 13 June 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 13 JUNE 2017

Ref.Soya oil trading range for the day is 628-642. Ref soyoil ended with gains on short covering after prices dropped on higher supply. Soyoil's premium over palm oil at $104 per ton compared to average of $102 per tons over past year has led the demand to shift on palm oil. Global oilseed production changes for 2016/17 include higher soybean production in Brazil and Argentina and higher peanut production in India. At the Indore spot market in Madhya Pradesh, soyoil was steady at 620 Rupees per 10 kgs.

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