EPIC RESEARCH NCDEX UPDATE OF REFINED SOYA OIL 24 November 2016

Ref.Soya oil trading range for the day is 679-715. Ref Soyoil prices gains on short covering after prices earlier dropped tracking weakness in soyabean prices. The domestic demand from oil millers and crushing units is steady to moderately down due to the ongoing cash crunch. Supply tightness in the spot market due to the demonetization has kept the sellers on the sideline. At the Indore spot market in Madhya Pradesh, soyoil was steady at 692 rupees per 10 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300