EPIC RESEARCH NCDEX UPDATE OF SOYA OIL 3 july 2017

• Ref.Soya oil trading range for the day is 632-652. 
  
• Ref soyoil dropped on ample supplies due to increase in cheap edible oil imports coupled with weak international prices.
• As per SEA, import of soy oils during May 2017 is reported at 3.40 lt compared to 1.78 lt in May 2016 – up by 91%.
• As per the government weekly sowing data, area under soybean crop across the country for the 2017-18 kharif was at 45,500 hectares till now.
• At the Indore spot market in Madhya Pradesh, soyoil was steady at 629.65 Rupees per 10 kgs.

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