Wednesday, 7 June 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 07 JUNE 2017

Ref.Soya oil trading range for the day is 615-637.Ref soyoil prices ended with gains tracking firmness in spot demand and other oilseed counters.US oil inventories at the end of April fell 11% year on year. Soyoil inventories at end of April were 1.725 billion lbs.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 620 Rupees per 10 kgs.

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