EPIC RESEARCH NCDEX UPDATE OF REFINED SOYA OIL 25 AUGUST 2016

Ref.Soya oil trading range for the day is 652-668. Ref soyoil prices dropped on profit booking after prices gained on improved demand and lower supply in global market. Production of soy oil in 2016/17 is increased to 22,405 million lbs v/s 22,235 million lbs in July estimate. SOPA projected soybean supply during Oct 2015-July 16 season climbed to 7.541 million tons on expectation of higher yield.At the Indore spot market in Madhya Pradesh, soyoil was steady at 648.65 rupees per 10 kgs. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co