EPIC RESEARCH NCDEX UPDATE OF REF. SOYAOIL 31 JANUARY 2017

Ref.Soya oil trading range for the day is 683-711. Ref soyoil prices ended with losses tracking weakness in spot and demand worries. Moreover, expectation of higher output during the current rabi season were also dragged the prices. As per NOPA crushing in US was around 160.176 million bushels of soybeans in December, down from 160.752 million in November. At the Indore spot market in Madhya Pradesh, soyoil was steady at 705.1 Rupees per 10 kgs. 

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