Thursday 5 July 2018

EPIC RESEARCH NCDEX REF.SOYAOIL UPDATE OF 05 July 2018

Ref.Soya oil trading range for the day is 750-762.

Ref soyoil dropped on late profit booking after prices gained due to improving demand from the physical market.

For the first fortnight of July, the base import price of crude soyoil has been cut to $750 per tn from $752 per tn by the govt.

India's monthly requirement is about 1.9 million tons and operates at 30 days’ stock against which currently holding stock over 2.662 million tons.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 753.35 Rupees per 10 kgs.

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