EPIC RESEARCH NCDEX REF. SOYA OIL UPDATE OF 05 OCTOBER 2015

Ref.Soya oil trading range for the day is 589-609.
Ref soyoil ended with gains tracking firmness in spot demand on higher imports duty.
Government hiked import duty on refined soya oil rose 20% from 15% to boost domestic consumption and production.
The country is expected to import 15.7 million tonnes (mt) of edible oil accounting for 70 per cent of annual edible requirement of 21 mt in the oil year.


At the Indore spot market in Madhya Pradesh, soyoil was steady at 609.65 rupees per 10 kgs.
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