Thursday, 8 June 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 08 JUNE 2017

Ref.Soya oil trading range for the day is 625-637. Ref soyoil prices ended with gains tracking firmness in other oilseed counters on reports that SEA of India demands immediate hike in duty.The SEA has asked the government to increase the import duty on crude palm oil and soft oils to 20% from the existing 7.5% and 12.5%, respectively.India may export 1.5 million tons of soymeal during the 2016-17 marketing year (Oct-Sep) lower from 2 million tons expected in the beginning of season.At the Indore spot market in Madhya Pradesh, soyoil was steady at 620 Rupees per 10 kgs.

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