Thursday 12 July 2018

EPIC RESEARCH NCDEX REF.SOYAOIL UPDATE OF 12 July 2018

Ref.Soya oil trading range for the day is 752-764.

* Ref soyoil ended with losses tracking weakness in spot demand on oversupply woes due to higher stocks.

* 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.

* As per SEA monthly report, country' edible oil stock is at highest level ever at 26.6 lt putting pressure on domestic prices of edible oils.

* At the Indore spot market in Madhya Pradesh, soyoil was steady at 756.55 Rupees per 10 kgs.

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