EPIC RESEARCH NCDEX UPDATE OF REF SOYA OIL 8 OCTOBER 2018

• Ref.Soya oil trading range for the day is 751-767.
  
• Ref soyoil recovered on late short covering after prices seen pressure amid higher stocks and cut in tariff value, which lowered custom duty.
• India's August soyoil imports stood at 312,049 tons as against 352,325 tons in July, data from SEA showed.
• Madhya Pradesh government's announcement to give a bonus of Rs 500 per quintal on soybean over and above of MSP also had a sobering impact.
• At the Indore spot market in Madhya Pradesh, soyoil was steady at 747 Rupees per 10 kgs. -

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