EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 21 FEBRUARY 2018

Ref.Soya oil trading range for the day is 741-751. Ref soyoil settled flat profit booking after prices gained tracking firm spot market and speculation that government may increase import duty again. According to data released by the Solvent Extractors' Association of India, country veg oil imports rose 25% on year to 1.29 mln tn in January. Soyoil imports were higher by 35% in January to 2.25 lakh tonnes compared to 1.67 lt last year.At the Indore spot market in Madhya Pradesh, soyoil was steady at 740 Rupees per 10 kgs.



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