EPIC RESEARCH NCDEX REF. SOYA OIL UPDATE OF 11 JANUARY 2016

Ref.Soya oil trading range for the day is 594-606.
Ref soyoil prices dropped amid over supply following higher imports data.
Pressure also seen due to subdued demand for Indian edible oil in export market following weak export data on higher prices of Indian oilseeds.
India edible oil export during the month of December plunged 85.41% from a year earlier on higher prices of the oilseeds in the local market.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 613.75 rupees per 10 kgs.


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