EPIC RESEARCH NCDEX UPDATE OF REFINED SOYA OIL 25 November 2016

Ref.Soya oil trading range for the day is 676-730. Ref soyoil gained as demonetisation created supply worries in local market while US bio-fuel target triggered demand. US inventories held by industry processors unexpectedly fell m/m in Oct., NOPA members said Nov 15. The U.S. Department of Agriculture (USDA) confirmed that private exporters sold 30,000 tonnes of soyoil to China in the last day. At the Indore spot market in Madhya Pradesh, soyoil was steady at 707.55 rupees per 10 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300