Tuesday 1 August 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 01 AUGUST 2017

Ref.Soya oil trading range for the day is 650-662. Ref soyoil ended with gains on supply worries following reports lower acreages and strong demand.Around 160,000 tons of soyoil stocks were at various ports of the country, data released by Solvent Extractors Association showed. According to NOPA, 138.074 million bushels soybean was crushed in June 2017 compared to 149.246 million bushels previous month. At the Indore spot market in Madhya Pradesh, soyoil was steady at 640.65 Rupees per 10 kgs.

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