Thursday 18 January 2018

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 18 JANUARY 2018

Ref.Soya oil trading range for the day is 733-745. Ref soyoil ended with losses tracking weakness in physical demand.Prices have been trading in a range due to higher stocks in the country and sufficient stocks in the pipeline amid improved domestic crushing and higher imports. India's edible oil imports fell 10% on year to 10.6 lakh tonnes in December due to a sharp hike in import duty. At the Indore spot market in Madhya Pradesh, soyoil was steady at 738.1 Rupees per 10 kgs.

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