Thursday, January 16, 2014

EPIC AGRI COMMODITY UPDATE:REF SOYA OIL


Ref.Soya oil trading range for the day is 670-684.
Ref soyoil ended with gains tracking gains in overseas prices and due to dwindling supplies in local spot markets.
Firmness in the U.S. market is providing support to local soya prices. Spot demand is moderate for soybeans.
Supplies are falling as farmers are holding back produce, expecting prices to rise during the summer months.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 687.75 rupees per 10 kgs.

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