EPIC RESEARCH NCDEX UPDATE OF REFINED SOYA OIL 17 October 2016

Ref.Soya oil trading range for the day is 647-677. Ref soyoil prices gained on short covering tracking firmness in spot demand and other oilseed counters. Prices also seen supported amid limited arrivals of soyabean in production areas due to erratic weather. India 2016-17 edible production may rise 20% on favourable weather condition this year. At the Indore spot market in Madhya Pradesh, soyoil was steady at 646.55 rupees per 10 kgs.To get reliable and quality NCDEX Tips ✆ – 0731-6642300