EPIC RESEARCH NCDEX REFSOYAOIL UPDATE OF 13 MAY 2016

Ref.Soya oil trading range for the day is 647-669.
Ref soyoil prices dropped on profit booking after prices seen supported on improved demand in domestic market.
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.
India is expected to produce 11.7 MMT of soybean 2016/17 from 7.380 MMT in 2015/16, higher by 58 percent y-o-y.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 643.6 rupees per 10 kgs. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co