Thursday, 15 June 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 15 JUNE 2017

Ref.Soya oil trading range for the day is 630-642. Ref soyoil ended with gains on short covering amid global supply worries. Processing by members of the NOPA is expected to fell to 143.893 million bushels from 152.82 million bushels a same period a year ago. Soybean-oil reserves at the end of May is expected to fell 14% to 1.71 billion lbs from 1.994 billion lb a year earlier. At the Indore spot market in Madhya Pradesh, soyoil was steady at 626.8 Rupees per 10 kgs.



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