EPIC RESEARCH NCDEX UPDATE OF REFINED SOYA OIL 23 DECEMBER 2016

Ref.Soya oil trading range for the day is 710-720. Ref soyoil prices dropped tracking lower physical demand and expectation of good domestic soy crushing which will reduce export dependence. Despite the increase in tariff values the prices are under pressure as there is sufficient domestic soybean production. The exports of oilmeal fell by 9.75% and stood at 1,08,342 tonnes in November this year. At the Indore spot market in Madhya Pradesh, soyoil was steady at 718.8 rupees per 10 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300