EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 01 FEBRUARY 2018

Ref.Soya oil trading range for the day is 741-749.Ref soyoil settled flat on profit booking after prices gained tracking firmness in spot demand due to rise in soyabean 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. Soyoil imports were down by 66% in December to 79,250 tonnes compared to 2.32 lt last yearAt the Indore spot market in Madhya Pradesh, soyoil was steady at 739.45 Rupees per 10 kgs.

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