Tuesday, 18 October 2016

EPIC RESEARCH NCDEX REFSOYAOIL UPDATE OF 18 Oct 2016

Ref.Soya oil trading range for the day is 660-680.
Ref oil prices ended with gains tracking firmness in spot demand despite of oversupply woes.
According to WASDE report India's domestic soyoil production is likely rise by 0.6% to around 1.353 million tons on month.
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 658.4 rupees per 10 kgs.


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