Friday, 12 January 2018

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 12 JANUARY 2018

Ref.Soya oil trading range for the day is 737-747.Ref soyoil ended with losses tracing weakness in spot demand amid profit booking. The prices were under pressure due to higher stocks in the country and sufficient stocks in the pipeline amid improved domestic crushing and higher imports. India's oilmeal exports dropped by 22% compared to same period a year ago on higher prices amid lower number of export dates. At the Indore spot market in Madhya Pradesh, soyoil was steady at 742.4 Rupees per 10 kgs.

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