Wednesday 16 May 2018

EPIC RESEARCH NCDEX Ref. SOYA OIL OF 16 MAY 2018

Ref.Soya oil trading range for the day is 765-781.

Ref.Soyaoil traded in range due to steady physical demand from the stockists on reports of higher stocks of edible oil in the country.

As per the data from SEA, soyoil imports during the March dropped 49.9% to 115,102 tons compared to 229,853 tons in the same period a year ago.

India's oilmeal exports in April edged up 14 percent from a year earlier to 155,069 tonnes as shipments of soymeal rose from the last year's upper base.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 751 Rupees per 10 kgs.

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