EPIC RESEARCH NCDEX UPDATE OF REF SOYA OIL 21 AUGUST 2018

• Ref.Soya oil trading range for the day is 739-745.CPO trading range for the day is 600-606.4.
• Crude palm oil ended with gains amid weak offerings in the wake of encouraging reports from Malaysia.
  
• However, cut in tariff value for the palm oil imports and steady physical demand is keeping the prices in a range.
• Exports of Malaysian palm oil products during Aug. 1 to 20 fell 10.6 percent to 609,098 tonnes from 681,178 tonnes shipped during July 1 to 20.
• Crude palm oil prices in spot market gained 3.70 rupees and settled at 601.20 rupees.
• Ref soyoil ended with gains due to improve physical demand. However, upside seen limited due to lower tariff value and higher stock positions in the country.
• India’s edible oil stocks at ports and pipelines fell 1.70 percent m-o-m to 24.75 lakh tons from 25.18 lakh tons in May 2018.
• At the Indore spot market in Madhya Pradesh, soyoil was steady at 740.75 Rupees per 10 kgs.

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