Thursday, 3 August 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 03 AUGUST 2017

Ref.Soya oil trading range for the day is 645-657. Ref soyoil dropped tracking weakness in spot demand despite of amid lower acreage and expectation of good crushing demand on reports of hike in import duty. India's imports of vegetable oils increased by 15 per cent in June at 13.44 lakh tonnes, according to industry data.According to NOPA, U.S. June soybean crush fell 7.48 percent to 138.074 million bushels from 149.246 million bushels in May 2017. At the Indore spot market in Madhya Pradesh, soyoil was steady at 640 Rupees per 10 kgs.



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