EPIC RESEARCH NCDEX UPDATE OF REFINED SOYA OIL 04 November 2016

Ref.Soya oil trading range for the day is 668-680. Ref soyoil prices gains on buying support at lower levels despite of higher supply in global market. However upside seen limited on anticipation of further upward revision in US soybean yield in the forthcoming monthly supply and demand estimates. However, higher imports in current oil year may pressurize prices despite increase in tariff value by the government. At the Indore spot market in Madhya Pradesh, soyoil was steady at 670 rupees per 10 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300