EPIC RESEARCH NCDEX UPDATE OF REFINED SOYA OIL 07 November 2016

Ref.Soya oil trading range for the day is 668-678. Ref soyoil prices ended with losses tracking weakness in spot demand on oversupply woes. India 2016-17 edible production may rise 20% on favourable weather condition this year. In domestic market rising supply of oilseed from local production is also pressuring prices as supply for edible oil is increasing. At the Indore spot market in Madhya Pradesh, soyoil was steady at 669.7 rupees per 10 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300