Monday, 11 December 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 11 DECEMBER 2017

Ref.Soya oil trading range for the day is 716-732. Ref soyoil prices remained under pressure tracking weakness in spot demand due to higher stock levels.The government raised the duty of the crude soy oil to 30% from 17.5% to support domestic oilseed industry and farmers For the first half of December, government cut the base import price of soy oil, by $18 per tonnes. At the Indore spot market in Madhya Pradesh, soyoil was steady at 714.8 Rupees per 10 kgs.



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