Tuesday, 29 August 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 29 AUGUST 2017

Ref.Soya oil trading range for the day is 649-667.Ref soyoil ended with losses tracking weakness in spot demand amid higher stockpiles in domestic market.However downside seen limited amid higher import duty after the SEA, has requested government to hike import duty on crude sunflower and rapeseed.Stocks of soy oil in July were lower by 10.6 percent compared to July 2016, which was reported at 1.743 million lbs.At the Indore spot market in Madhya Pradesh, soyoil was steady at 658.3 Rupees per 10 kgs.

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