EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 10 JULY 2017

Ref.Soya oil trading range for the day is 636-652. Ref soyoil ended with losses tracking weakness in spot demand amid over supply worries. However, downside seen limited on anticipation of increase in import duty.Global oilseed production changes for 2016/17 include higher soybean production in Brazil and Argentina. At the Indore spot market in Madhya Pradesh, soyoil was steady at 640 Rupees per 10 kgs.

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