Tuesday, 31 July 2018

EPIC RESEARCH NCDEX Ref.Soya oil UPDATE OF 31 July 2018

Ref.Soya oil trading range for the day is 739-747.

* Ref soyoil ended with gains tracking firmness in spot demand amid higher import duty and improving demand from the physical market participants.

* Stocks of edible oil in ports and pipeline are estimated at 2.52 mt compared to 2.28 mt a year ago while lower than 2.66 mt in May.

* India's vegetable oil imports during June dropped 23% to 10.4 lakh tons (lt) compared to 13.4 lt in the same period a year ago.

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