Monday, May 11, 2015

EPIC RESEARCH NCDEX REF.SOYA OIL UPDATE OF 11 MAY 2015

Ref.Soya oil trading range for the day is 591-605.

Ref soyoil ended with gains following positive cues from the international market and spot market demand.

India soymeal exports in the month of April dropped 79.95% from a year earlier on higher prices of the soybean in the local market.

Soybean oilmeal exports dropped to 18,017 tons in April compared to 89,883 tons for the corresponding period a year earlier. At the Indore spot market in Madhya Pradesh, soyoil was steady at 607.75 rupees per 10 kgs.

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