Friday 22 September 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 22 SEPTEMBER 2017

Ref.Soya oil trading range for the day is 672-678. Ref soyoil ended with gains on anticipation of good physical demand in coming festival season and reports of lower imports on soyoil. SEA has raised its concerns on the decline in the oilseeds acreage this kharif season (2017), where monsoon played truant hampering sowing prospects. As per data, kharif oilseed sowing was recorded at 172 lakh hectares as against 188.63 lakh hectare last year, down by nearly 16.6 lakh hectares. At the Indore spot market in Madhya Pradesh, soyoil was steady at 671.3 Rupees per 10 kgs.



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