EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 01 NOVEMBER 2017

Ref.Soya oil trading range for the day is 681-691.Ref soyoil ended with gains tracking firmness in spot demand amid expectation of higher import duty. India’s edible oil imports are likely to rise to 15.90 million tonnes in the 12 months through October 2018. Lower oilseed production in India, rising demand and population growth are boosting demand for imported oils. At the Indore spot market in Madhya Pradesh, soyoil was steady at 674.7 Rupees per 10 kgs.



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