EPIC RESEARCH NCDEX UPDATE OF REF. SOYAOIL 9 FEBRUARY 2017

Ref.Soya oil trading range for the day is 688-698. Ref.Soyaoil gains tracking firmness in spot demand amid higher demand in export market. Exports during January were pegged at 1,55,164 tonnes compared to 22,398 tonnes in January 2016. Export of soyameal and its value-added products have recorded a staggering growth of 446.38 per cent this year. At the Indore spot market in Madhya Pradesh, soyoil was steady at 709.05 Rupees per 10 kgs.

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