EPIC RESEARCH NCDEX REF.SOYA OIL UPDATE OF 8 JULY 2016

Ref.Soya oil trading range for the day is 633-647. Ref soyoil dropped on limited demand at higher prices and weakness in rival palm oil prices. Oilmeal exports from India nosedived 61 per cent in the period between April and June this year. India's oilmeal exports at 186,293 tonnes in the first quarter of the current financial year compared to 473,676 tonnes. At the Indore spot market in Madhya Pradesh, soyoil was steady at 631.8 rupees per 10 kgs.
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