EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 17 JULY 2017

Ref.Soya oil trading range for the day is 633-649. Ref soyoil ended with gains tracking firmness in spot demand and on anticipation of hike in import duty. Government is likely to increase the import duty on edible oils by mid-July in view of the sharp fall in domestic oilseed prices. There is an anticipation of good domestic demand of edible oil during the monsoon season. At the Indore spot market in Madhya Pradesh, soyoil was steady at 635 Rupees per 10 kgs.



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