EPIC RESEARCH NCDEX REF.SOYA OIL UPDATE OF 16 MARCH 2016

Ref.Soya oil trading range for the day is 613-629.
Ref soyoil prices ended with losses on oversupply woes following robust imports.
India's soyoil imports surged 96.58% to 441,200 tons in January compared to 224,430 tons for the same period a year ago.
In February alone, India's export fell 74 per cent to 53,866 tonnes from 208,499 tonnes in the same month last year.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 614.55 rupees per 10 kgs.

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