EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 28 NOVEMBER 2017

Ref.Soya oil trading range for the day is 730-740.Ref soyoil ended with flat node amid higher stockpiles in global market and weak demand. NOPA said that its members crushed 164.242 million bushels of soybeans in October, up from 136.419 million bushels in September. Increasing demand for soymeal in global market may cause higher soyoil supply in local mandis. At the Indore spot market in Madhya Pradesh, soyoil was steady at 725 Rupees per 10 kgs.

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