EPIC RESEARCH NCDEX UPDATE OF SOYA OIL 29 May 2017

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Ref.Soya oil trading range for the day is 615-633.

Ref soyoil ended with losses tracking weakness in spot demand and other oilseed counters.

However there is good physical demand from the stockists on anticipation of higher intake of edible oil in the country during the next one month.

Moreover, Import of soy oils during April 2017 is reported at 3.04 lt compared to 3.50 lt in April 2016 - down by 12.4%.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 629.2 Rupees per 10 kgs.

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