EPIC RESEARCH NCDEX REF.SOYA OIL UPDATE OF 17 MARCH 2016

Ref.Soya oil trading range for the day is 617-629.
Ref.Soyaoil settled up on short covering after prices dropped on oversupply woes following robust imports data.
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.
Country's vegetable oils import rose by 28% to 11.10 lakh tonnes last month due to higher shipments of refined plamolein on low global prices
At the Indore spot market in Madhya Pradesh, soyoil was steady at 615.15 rupees per 10 kgs.


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