EPIC RESEARCH NCDEX UPDATE OF REF SOYA OIL 5 FEBRUARY 2017

• Ref.Soya oil trading range for the day is 743-755.
  
• Ref soyoil ended with losses on profit booking after prices gained tracking higher prices of soybean in domestic market.
• Import of edible oils became costlier as finance minister Arun Jaitley hiked cess on imports.
• According to NOPA, U.S. soybean crush rose to record in December to 166.382 million bushels from 163.546 million bushels in November 2017.
• At the Indore spot market in Madhya Pradesh, soyoil was steady at 739.15 Rupees per 10 kgs.

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