Thursday 18 April 2019

EPIC RESEARCH NCDEX Ref.Soya oil UPDATE OF 18 April 2019



Ref.Soya oil trading range for the day is 714-726.

* Ref.Soya oil dropped due to higher stocks at port, expectation of higher imports due to low tariff value.

* Earlier pressure also seen due to bumper production outlook of soybean for India and subdued domestic buying.

* According to report, soy oil import jumped by 64.7% to 2.20 lt in February compared to 1.34 lt last year same month.

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