EPIC RESEARCH NCDEX REFSOYAOIL UPDATE OF 26 JULY 2016

Ref.Soya oil trading range for the day is 622-640.Ref soyoil prices dropped on oversupply woes in global market and on higher demand.However, sharp fall in the oil price was capped by higher demand in export market.As per NOPA, in June soybean crushing was around 145.05 million bushels compared to 142.47 million bushels in the previous year.At the Indore spot market in Madhya Pradesh, soyoil was steady at 630 rupees per 10 kgs.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co