EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 30 JANUARY 2018

Ref.Soya oil trading range for the day is 747-757.Ref soyoil gained tracking sharp rally in soybean prices amid supply worries and strong demand hope. Increasing demand for oil in domestic market on higher import duty and decreasing stocks also supported prices. Moreover, government has increased the base import price of crude soy oil by $14 per tonnes to $827 for the second half of Jan. At the Indore spot market in Madhya Pradesh, soyoil was steady at 743.1 Rupees per 10 kgs.

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