Thursday, 4 April 2019

EPIC RESEARCH NCDEX Ref.Soya oil UPDATE OF 4 April 2019



Ref.Soya oil trading range for the day is 729-741.

* Ref.Soya dropped tracking weakness in spot demand and overseas prices despite of reports of lower soybean planting in the US.

* However, upside seen limited due to higher stocks at port, expectation of higher imports due to low tariff value and stronger rupees.

* In a fortnightly notification, Government cut tariff value of crude soy oil by 18 dollar to $711 per tn for the first half of April.

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