EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 05 DECEMBER 2017

Ref.Soya oil trading range for the day is 732-752.Ref soyoil ended with losses tracking weakness in spot demand amid profit booking. Pressure also seen on prices amid higher stockpiles amid global demand concerns. The government raised the duty of the crude soy oil to 30% from 17.5% to support domestic oilseed industry and farmers. At the Indore spot market in Madhya Pradesh, soyoil was steady at 724.5 Rupees per 10 kgs.



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