EPIC RESEARCH NCDEX UPDATE OF REFINED SOYA OIL 02 DECEMBER 2016

Ref.Soya oil trading range for the day is 721-741. Ref soyoil ended with gains on expectation of strong demand in global market and on lower stockpiles in United States. United States Environmental Protection Agency (EPA) raised 2017 bio-fuel target amid robust demand in export market. NOPA estimated that its members crushed 164.6 million bushels of soybeans in October, up from 129.4 million in September. At the Indore spot market in Madhya Pradesh, soyoil was steady at 724.8 rupees per 10 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300