Wednesday, 28 June 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 28 JUNE 2017

Ref.Soya oil trading range for the day is 621-637.Ref soyoil gains due to bargain buying by the market participants after prices dropped on ample supplies due to increase in cheap edible oil imports. As per SEA, Import of soy oils during May 2017 is reported at 3.40 lt compared to 1.78 lt in May 2016 – up by 91% . India's soybean stocks are likely to hit 1.83 million tonnes at the end of this year, up from 441,000 tonnes at the start of the marketing year on Oct.At the Indore spot market in Madhya Pradesh, soyoil was steady at 626.9 Rupees per 10 kgs.

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