Friday 29 September 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 29 SEPTEMBER 2017

Ref.Soya oil trading range for the day is 662-674. Ref soyoil ended with losses amid weak demand for Indian soymeal in export and domestic market. Total stock of edible oil at ports and in pipelines increased to 2.4 million tons in August from 2,278,000 tons in July, 2017. India's monthly requirement is about 1.750 million tons and operate at 30 days stock against which currently holding stock over 2.473 million tons. At the Indore spot market in Madhya Pradesh, soyoil was steady at 670.95 Rupees per 10 kgs.

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