EPIC RESEARCH NCDEX UPDATE OF REFINED SOYA OIL 4 JANUARY 2017

Ref.Soya oil trading range for the day is 707-725. Ref soyoil prices dropped on profit booking after prices gained on higher demand amid lower stocks in the market. Pressure also seen as overall supplies are adequate in the domestic market on steady domestic crushing activity. Govt has reduced tariff value of soy oil to $892 per tonnes against $912 on December 15. At the Indore spot market in Madhya Pradesh, soyoil was steady at 734.7 rupees per 10 kgs.

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