Monday, 30 October 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 30 OCTOBER 2017

Ref.Soya oil trading range for the day is 672-680. Ref soyoil traded in range as pressure seen due to weakness in soyabean prices and other oilseed counters. Due to lower oilseed prices and the subsequent financial loss to farmers, the SEA has once again requested the Centre to increase the import duty on edible oils.According to data release by SEA, crude soy oil imports down about 24% on year in September compared to last year.At the Indore spot market in Madhya Pradesh, soyoil was steady at 675 Rupees per 10 kgs.



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