EPIC RESEARCH NCDEX UPDATE OF REFINED SOYA OIL 15 SEPTEMBER 2016

Ref.Soya oil trading range for the day is 640-652. Ref soyoil prices ended with gains on short covering after prices dropped on oversupply woes. U.S. oilseed production for 2016/17 is projected at 124.3 million tons, up 4.1 million from last month with higher production. Soybean production is projected at a record 4,201 million bushels, up 141 million due to a higher yield forecast. At the Indore spot market in Madhya Pradesh, soyoil was steady at 640.8 rupees per 10 kgs. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co