Wednesday, September 11, 2013

EPIC AGRI COMMODITY UPDATE: REF SOYA OIL


Ref.Soya oil trading range for the day is 647-673.
Ref soyoil ended with losses due to selling pressure triggered by weak demand in the spot market.
Sentiments weakened further due to prospects of bumper production due to higher sowing in the current year.
Soyabean was cultivated in 12.18 million hectares in India compared with 10.68 million hectares a year earlier.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 680.55 rupees per 10 kgs.

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