EPIC RESEARCH NCDEX REF.SOYA OIL UPDATE OF 22 MARCH 2016

Ref.Soya oil trading range for the day is 617-641.

Ref soyoil prices ended with gains supported by improved demand after USDA
reported higher sales of soyoil last week.

According to USDA export sales report, around 49,800 tons was exported which is up by 89% from previous week and higher than prior 4-weeks average.

India's soybean oilmeal exports plunged 98.25% to 1,127 tons in February
compared to 64,514 tons for the corresponding period a year earlier.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 619.45
rupees per 10 kgs.  
 
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