Friday 21 September 2018

EPIC RESEARCH NCDEX Ref.Soya oil UPDATE OF 21 September 2018


Ref.Soya oil trading range for the day is 725-737.

Ref soyoil ended with losses tracking weakness in spot demand amid reports of higher stocks of edible oil.

However, downside seen limited supported by higher import duty, weaker rupees and improving physical demand.

India's vegoil imports in August rose 11 percent to 1.5 million tonnes from a year ago, a trade body said.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 737.85 Rupees per 10 kgs.

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