EPIC RESEARCH NCDEX UPDATE OF REFINED SOYA OIL 28 November 2016

Ref.Soya oil trading range for the day is 702-716. Ref soyoil dropped tracking weakness in spot demand and other oilseed counter after prices gained as EPA raised 2017 bio-fuel target. NOPA said US soybean crush rises to 164.64 million bushels in October'16 compared to 158.895 million bushels a year earlier. The new target was much higher than market expectations at 19.28 billion gallons compared to 18.11 billion gallons in this year. At the Indore spot market in Madhya Pradesh, soyoil was steady at 706.8 rupees per 10 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300