EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 17 NOVEMBER 2017

Ref.Soya oil trading range for the day is 689-711.Ref soyoil ended with losses tracking weakness in spot demand as import duty was not hiked.As per latest SEA import report, Soybean oil imports slumped 21 % to 220,200 tons in October from a year earlier.The Soybean Processors Association of India has revised its estimates of carryover stocks of bean for Oct 2017.At the Indore spot market in Madhya Pradesh, soyoil was steady at 680 Rupees per 10 kgs.

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