EPIC RESEARCH NCDEX REFSOYAOIL UPDATE OF 12 MAY 2016

Ref.Soya oil trading range for the day is 657-675.            
Ref soyoil prices ended with gains on improved demand in domestic market. 
Prices of oil were up as demand from oil crusher have jumped for ongoing wedding season where consumption of fried items increased.            
According to USDA, India’s imports of soy oil in 2016/17 is expected to fall by 12.1 percent to 3.3 MMT from 3.7 MMT in 2015/16.             
At the Indore spot market in Madhya Pradesh, soyoil was steady at 645.85 rupees per 10 kgs.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co