EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 06 DECEMBER 2017

Ref.Soya oil trading range for the day is 733-745.Ref.Soyaoil prices ended with flat node amid higher stockpiles amid global demand concerns. Soybean oil imports slumped 21% to 220,200 tons in October from a year earlier while imports dropped during the oil year. 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 721.7 Rupees per 10 kgs.



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