EPIC RESEARCH NCDEX REF.SOYA OIL UPDATE OF 09 MAY 2016

Ref.Soya oil trading range for the day is 645-663.            
Ref.Soya oil settled up as prices recovered on short covering after falling on higher supply in global market.  
USDA weekly export sales report said net sales of 9,600 tons for 2015/2016 were down 10% from the previous week. 
Oilmeals export dropped 52 per cent to 1.18 million tonnes (mt) in 2015-16, against 2.46 mt the previous year.              
At the Indore spot market in Madhya Pradesh, soyoil was steady at 632.15 rupees per 10 kgs.    For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co