EPIC RESEARCH NCDEX REFSOYAOIL UPDATE OF 1 JUNE 2016

Ref.Soya oil trading range for the day is 651-661.            
Ref.Soyaoil settled up by 0.26% on short covering after prices dropped on oversupply hope and weak demand.            
Prices were also down on demand worries for oil after NOPA said that US soybean crushing fell 5.79% to 147.61 million bushels on month.        
India's soyoil imports rallied 86.35% to 348,195 tons in April compared to 186,849 tons for the same period a year ago.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 640.6 rupees per 10 kgs. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co