Tuesday, 18 July 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 18 JULY 2017

Ref.Soya oil trading range for the day is 639-649. Ref soyoil ended with gains recovering on short covering after prices drooped on higher stockpiles in domestic market and weak demand. As on July 1, around 160,000 tons of soyoil stocks were at various ports of the country, data released by Solvent Extractors Association showed. Total stock of edible oil at ports and in pipelines increased to 2.27 million tons from 2.16 million tons in June 2017.At the Indore spot market in Madhya Pradesh, soyoil was steady at 635 Rupees per 10 kgs.

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