Wednesday, 28 February 2018

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 28 FEBRUARY 2018

Ref.Soya oil trading range for the day is 749-757. Ref soyoil ended flat tracking weakness in spot demand amid increasing supply worries. Unfavourable weather condition in Brazil is delaying harvesting of the crop while in Argentina dry weather condition is leading to lowering yield levels. Country veg oil imports rose 25% on year to 1.29 mln tn in January while overall import of vegetable oils during Nov-Jan was at 3.63 mln tn.At the Indore spot market in Madhya Pradesh, soyoil was steady at 745.8 Rupees per 10 kgs.

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