EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 29 NOVEMBER 2017

Ref.Soya oil trading range for the day is 730-736. Ref soyoil ended with losses amid higher stockpiles in global market and weak demand.Increasing demand for soymeal in global market may cause higher soyoil supply in local mandis. China imported 5.86 million tonnes of soybeans in October, down 28 percent from the previous month and well below market expectations.At the Indore spot market in Madhya Pradesh, soyoil was steady at 725.75 Rupees per 10 kgs.



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