EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 16 JANUARY 2018

Ref.Soya oil trading range for the day is 738-748. Ref soyoil ended with gains tracking firmness in spot demand on supply worries. Lower soyoil imports and increasing demand for festive season will cause higher buying from crushers next week. India's vegoil imports in December fell 10 percent to 1.1 million tonnes from a year ago, a trade body said. At the Indore spot market in Madhya Pradesh, soyoil was steady at 741 Rupees per 10 kgs.

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