Friday, 16 June 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 16 JUNE 2017

Ref.Soya oil trading range for the day is 632-640. Ref soyoil prices ended with losses tracking weakness in spot demand on profit booking after prices remained supported supply worries. Monthly import of refined edible oil surged last month, to 2,94,409 tonnes, about 22 per cent of the overall import of 1.03 million tonnes. India may export 1.5 million tons of soymeal during the 2016-17 marketing year (Oct-Sep) lower from 2 million tons expected. At the Indore spot market in Madhya Pradesh, soyoil was steady at 626.8 Rupees per 10 kgs.



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