EPIC RESEARCH NCDEX REF.SOYA OIL UPDATE OF 30 JULY 2015

Ref.Soya oil trading range for the day is 566-574.

Ref soyoil prices ended with gains on late short covering after prices dropped earlier tracking weakness in spot demand on oversupply woes.

As per SEA, India’s vegetable oil imports during Jun at 10 lakh tonnes (lh) compared to 8.83 lh in June 2015.

India soybean oil imports are raised 250,000 tons to 2.45 million due to lower domestic crush of soybeans, as per USDA report.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 579.85 rupees per 10 kgs.

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