EPIC RESEARCH NCDEX UPDATE OF REFINED SOYA OIL 23 November 2016

Ref.Soya oil trading range for the day is 681-699. Ref soyoil settled flat on profit booking after prices gained on robust demand in domestic market. Downside was limited as supply tightness in the spot market due to the demonetization has kept the sellers on the sideline. As per NOPA, US soybean crush rises to 164.64 million bushels in October'16 compared to 158.895 million bushels a year earlier. At the Indore spot market in Madhya Pradesh, soyoil was steady at 694.2 rupees per 10 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300