Thursday, 29 June 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 29 JUNE 2017

Ref.Soya oil trading range for the day is 627-637. Ref soyoil gained on late short covering after prices dropped on weak demand and higher supply. Soyoil's premium over palm oil at $132 per ton compared to average of $103 per tons over past year has led the demand to shift on palm oil. India's soyoil imports during May spurted by 91.14% to 340,365 tons compared to 178,064 tons for the same period a year ago. At the Indore spot market in Madhya Pradesh, soyoil was steady at 628.45 Rupees per 10 kgs.

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