EPIC RESEARCH NCDEX REF. SOYA OIL UPDATE OF 04 JANUARY 2016

Ref.Soya oil trading range for the day is 610-620.
Ref soyoil prices ended with small gains as trading activity was low and over supply following higher imports data also limited gains.
The oilseed crushing sector has urged the government to reduce the import duty on the crop from 30 per cent to five per cent.
Oilseed production in the country is declining consistently because of climatic conditions and farmers switching to alternative crops.


At the Indore spot market in Madhya Pradesh, soyoil was steady at 625 rupees per 10 kgs. For more information ✆ - 0731-6642300 on NCDEX Tips or Visit http://www.epicresearch.co