EPIC RESEARCH NCDEX UPDATE OF REF SOYA OIL 25 MARCH 2019

• Ref.Soya oil trading range for the day is 734-742.
  
• Ref soyoil ended with losses tracking weakness in spot demand due to higher stocks.
• Government cut tariff value of crude soy oil by 24 dollar to $729 per tn for the second half of March.
• Crude soy oil imports down 17.3% on year to 1.86 lakh tonnes (lt) in January 2019. For Nov-Jan period, soy oil import volume drop 17.8%.
• At the Indore spot market in Madhya Pradesh, soyoil was steady at 757.95 Rupees per 10 kgs.
• BUY REF SOYA APR 2019 @ 740.00 SL 737.00 TGT 744.00-748.00.NCDEX

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