Wednesday 4 May 2016

EPIC RESEARCH NCDEX REF. SOYA OIL UPDATE OF 04 MAY 2016

Ref.Soya oil trading range for the day is 637-657.
Ref soyoil ended with losses on weak demand and higher supply in domestic market.
India's soybean oilmeal exports plunged 99.06% to 430 tons in March compared to 45,917 tons for the corresponding period a year earlier.
Oilmeals export dropped 52 per cent to 1.18 million tonnes  in 2015-16, against 2.46 mt the previous year.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 627.5 rupees per 10 kgs.
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