EPIC RESEARCH NCDEX UPDATE OF REF SOYA OIL 31 OCTOBER 2018

• Ref.Soya oil trading range for the day is 749-761.
  
• Ref soyoil prices dropped on profit booking after prices gained tracking improving physical demand and jump in soybean prices.
• Improving physical demand and increase in steep hike in tariff value by $40 to $741 per tn for the second half of October by government.
• As per SOPA, soybean production in 2018/19 may highest in last 5 year at 114.8 lakh tonnes 37.8% higher than last year.
• At the Indore spot market in Madhya Pradesh, soyoil was steady at 764.2 Rupees per 10 kgs.

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