Wednesday, December 18, 2013

EPIC AGRI COMMODITY UPDATE: REF SOYA OIL


Ref.Soya oil trading range for the day is 688-698.
Ref.Soya oil settled up tracking firmness in spot demand amid short covering.
There was lack of buying support from millers and that pressurized the market.
India’s soybean production in 2013/14 is likely to drop 4.4 percent from the previous year to 10.23 million tonnes
At the Indore spot market in Madhya Pradesh, soyoil was steady at 694 rupees per 10 kgs.

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