EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 14 DECEMBER 2017

Ref.Soya oil trading range for the day is 726-732. Ref soyoil prices dropped on profit booking tracking weakness in spot demand. 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 717.1 Rupees per 10 kgs.



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