EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 31 JANUARY 2018

Ref.Soya oil trading range for the day is 739-753. Ref soyoil dropped on profit booking after prices rose on increasing supply worries amid demand hope in global market. However, increasing demand for oil in domestic market on higher import duty and decreasing stocks limited the downside. India's soyoil shipments plunged to four-year low on higher import duty during December month, data released by Solvent Extractors Association (SEA) of India showed. At the Indore spot market in Madhya Pradesh, soyoil was steady at 740 Rupees per 10 kgs.

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