EPIC RESEARCH NCDEX REF. SOYA OIL UPDATE OF 12 AUGUST 2015

Ref.Soya oil trading range for the day is 557-567.

Ref soyoil prices ended with losses tracking weakness in spot demand.

India’s monthly requirement of soya oil is presently reported around 15-16 lakh tons against while stocks available is over 21.80 lakh tons.

Nearly 54% kharif sowing of the normal area has been completed until Jul 17 thanks to timely and excess rains during June.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 585.75 rupees per 10 kgs.

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