EPIC RESEARCH NCDEX UPDATE OF REF SOYA OIL 12 MARCH 2019

• Ref.Soya oil trading range for the day is 730-746.
  
  
  
• Ref.Soya oil dropped amid reports of higher availability of oil from domestic crushing and hopes of cheaper imports due to weak prices in global markets.
• USDA in its latest monthly update forecast India soyoil production revised down by more than 4% to 16.20 lt, however, production is higher y/y by 16.9%.
• According to monthly report released by SEA, crude soy oil imports down 17.3% on year to 1.86 lakh tonnes (lt) in January 2019.
• At the Indore spot market in Madhya Pradesh, soyoil was steady at 772.25 Rupees per 10 kgs.

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