EPIC RESEARCH NCDEX UPDATE OF REF. SOYAOIL 27 JANUARY 2017

Ref.Soya oil trading range for the day is 710-722. Ref soyoil prices ended with losses tracking weakness in spot demand and on supply worries. Moreover, expectation of higher output during the current rabi season were also dragged the prices. SEA has raised its estimate for soybean output to 11 million tons in 2016-17 (Jul-Jun) from its previous forecast of 10.6 million tonnes. At the Indore spot market in Madhya Pradesh, soyoil was steady at 724.9 Rupees per 10 kgs. 

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