EPIC RESEARCH NCDEX REF.SOYA OIL UPDATE OF 06 JANUARY 2016

Ref.Soya oil trading range for the day is 600-618.
Ref.Soyaoil settled down on profit booking after prices gained earlier on strong demand in export market.
According to USDA weekly exports report last week, exports were at 51,500 MT up by 34% from previous week and 85% from prior 4-weeks average.
India soybean oil imports two fold high in November after local demand of edible oils rose due to lack of domestic crushing, data release from SEA of India showed.


At the Indore spot market in Madhya Pradesh, soyoil was steady at 621 rupees per 10 kgs. For more information ✆ - 0731-6642300 on NCDEX Tips or Visit http://www.epicresearch.co