EPIC RESEARCH NCDEX REFSOYAOIL UPDATE OF 14 Oct 2016

Ref.Soya oil trading range for the day is 647-657.Ref soyoil prices ended with losses tracking weakness in spot demand on hope of higher supply.Prices of oil were under pressure on oversupply woes following reports of bumper soybean output this year.Oilmeal exports for September fell 35 per cent to 90,907 tonnes from 1,39,649 tonnes in the corresponding period last year.At the Indore spot market in Madhya Pradesh, soyoil was steady at 647.5 rupees per 10 kgs.



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