EPIC RESEARCH NCDEX UPDATE OF REF SOYA OIL 31 JANUARY 2018

• Ref.Soya oil trading range for the day is 739-753.
  
• Ref soyoil dropped on profit booking after prices rose on increasing supply worries amid demand hope in global market.
• However, increasing demand for oil in domestic market on higher import duty and decreasing stocks limited the downside.
• India's soyoil shipments plunged to four-year low on higher import duty during December month, data released by Solvent Extractors Association (SEA) of India showed.
• At the Indore spot market in Madhya Pradesh, soyoil was steady at 740 Rupees per 10 kgs.

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