Tuesday, 6 June 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 06 JUNE 2017

Ref.Soya oil trading range for the day is 616-624. Ref soyoil ended with gains on short covering after prices dropped tracking global cues amid oversupply woes. 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. 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 619 Rupees per 10 kgs.

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