Wednesday 1 August 2018

EPIC RESEARCH NCDEX Ref.Soya oil UPDATE OF 1 August 2018

Ref.Soya oil trading range for the day is 735-749.

Ref soyoil ended with gains tracking firmness in spot demand amid increase in import duty on refine and crude soy oil.

Stocks of edible oil in ports and pipeline are estimated at 2.52 mt as on July 1 compared to 2.28 mt a year ago while lower than 2.66 mt.

In June, India's total vegetable oil imports fell 22.4 percent from a year ago to 1.04 million tonnes, the lowest since January 2017.

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