EPIC RESEARCH NCDEX UPDATE OF REF SOYA OIL 21 NOVEMBER 2017

• Ref.Soya oil trading range for the day is 706-736.
  
• Ref soyoil gained as support seen after the government increased the import duty on crude soyoil was raised to 30% from 17.5%.
• Soybean oil imports slumped 21% to 220,200 tons in October from a year earlier.
• NOPA said that its members crushed 164.242 million bushels of soybeans in October, up from 136.419 million bushels in September.
• At the Indore spot market in Madhya Pradesh, soyoil was steady at 723.2 Rupees per 10 kgs.

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