EPIC RESEARCH NCDEX UPDATE OF REFSOYAOIL 19 AUGUST 2016

Ref.Soya oil trading range for the day is 662-676. Ref soyoil prices dropped tracking weakness in spot demand on profit booking after prices gained in last some sessions on robust demand from oil crushers. SOPA projected soybean supply during Oct 2015-July 16 season climbed to 7.541 million tons on expectation of higher yield. U.S 2016/17 soy oil end stocks fell by 8.1 percent m-o-m to 1,755 million lbs from 1,910 million lbs in July estimate. At the Indore spot market in Madhya Pradesh, soyoil was steady at 651.75 rupees per 10 kgs.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co