Thursday 2 August 2018

EPIC RESEARCH NCDEX Ref.Soya oil UPDATE OF 2 August 2018

Ref.Soya oil trading range for the day is 736-744.

* Ref soyoil dropped on expectation of good acreage for soybean this season and also on declining demand from crushers.

* The government cut the tariff rate of edibles oils (CPO, palm oil, soybean oil) by $20-$36 per ton keeping in view of the downtrend in global markets.

* The base price of CPO has been fixed at $578 per ton versus $614 a ton earlier.


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