Monday, January 16, 2017

Ref.Soya oil trading range for the day is 722-730. Ref soyoil ended with gains tracking firmness in spot demand and on robust demand in export market. According to USDA weekly export sales report, Net sales of 30,900 tons for 2016/2017 were up 64% from the previous week. According to USDA January estimate, India’s 2016/17 soy oil end stock is estimated to rise to 0.45 MMT. At the Indore spot market in Madhya Pradesh, soyoil was steady at 730 rupees per 10 kgs. 

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