EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 22 NOVEMBER 2017

Ref.Soya oil trading range for the day is 718-756.Ref soyoil ended with gains as the government raised the duty of the crude soy oil to 30%.For the second half of November, government raised the base import price of all edible oils, with the steepest increase of $23 per tn in crude soyoil. Soybean oil imports slumped 21% to 220,200 tons in October from a year earlier while imports dropped during the oil year ended Oct. 31 by 22%.At the Indore spot market in Madhya Pradesh, soyoil was steady at 722.1 Rupees per 10 kgs.



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