EPIC RESEARCH NCDEX UPDATE OF REF SOYA OIL 7 MARCH 2019

• Ref.Soya oil trading range for the day is 757-771.
  
• Ref.Soya oil settled flat on reports of higher crushing by plants during October-January and improved imports of edible oil.
• In a fortnightly notification, Government cut tariff value of crude soy oil by 5 dollar to $753 per tn for the first half of March.
• 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%.
• At the Indore spot market in Madhya Pradesh, soyoil was steady at 777.8 Rupees per 10 kgs.

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