Friday, April 12, 2013

EPIC AGRI COMMODITY UPDATE:REF SOYOIL

Ref soyaoil trading range for the day is 690.42-723.42.
Ref soyaoil ended with losses tracking weakness in spot demand and overseas prices amid profit booking.
Oilmeal export was down 32 per cent in March at 430,407 tonnes against 628,337 tonnes in the same period last year.
The fall in export was due to sharp drop in demand and lower price offered by competing countries such as China and Argentina.
At the Indore spot market soyoil edged down by -3.4 rupee to 725.85 rupees 10 kgs.

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