EPIC RESEARCH NCDEX UPDATE OF REF SOYA OIL 18 APRIL 2019

• Ref.Soya oil trading range for the day is 714-726.
  
• Ref.Soya oil dropped due to higher stocks at port, expectation of higher imports due to low tariff value.
• Earlier pressure also seen due to bumper production outlook of soybean for India and subdued domestic buying.
• According to report, soy oil import jumped by 64.7% to 2.20 lt in February compared to 1.34 lt last year same month.
• At the Indore spot market in Madhya Pradesh, soyoil was steady at 740 Rupees per 10 kgs.

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