EPIC RESEARCH NCDEX REF. SOYA OIL UPDATE OF 03 FEBRUARY 2016

Ref.Soya oil trading range for the day is 611-619.
Ref soyoil gains due to fresh demand from the traders and stockists at current levels on anticipation of improved International market for edible oil.
As per latest SEA data, edible oils import rose to 14.07 lt in December last year from 11.23 lt in December 2014.
The Ministry has proposed increase in import duty on crude edible oils to 17.5 per cent and on refined edible oils to 25 per cent from the existing level.


At the Indore spot market in Madhya Pradesh, soyoil was steady at 606.7 rupees per 10 kgs.For more information ✆ - 0731-6642300 on NCDEX Tips or Visit http://www.epicresearch.co