EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 28 AUGUST 2017

• Ref.Soya oil trading range for the day is 659-669.
  
• Ref soyoil ended with gains as the United States hiked import duty on bio-diesel from Argentina and on strong festive demand in domestic market.
• Prices of soyoil were also supported by the strong demand in local market for the festival season.
• To meet growing demand, India imported 34 per cent more vegetable (edible and non-edible) oil in July from a year before, at 1.52 mt.
• At the Indore spot market in Madhya Pradesh, soyoil was steady at 659.75 Rupees per 10 kgs.

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