EPIC RESEARCH NCDEX UPDATE OF REFINED SOYA OIL 11 November 2016

Ref.Soya oil trading range for the day is 667-683. Ref soyoil prices ended with gains tracking firmness in spot demand and soyabean prices despite of sufficient supplies. Edible oilseed production for 2016-17 (kharif and rabi) is forecast to be an all-time high of 35 million tonnes (mt). According to USDA, India’s soy oil imports in 2016/17 are estimated to rise by 0.4 MMT to 4.00 MMT from 3.6 MMT. At the Indore spot market in Madhya Pradesh, soyoil was steady at 670.9 rupees per 10 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300