EPIC RESEARCH NCDEX UPDATE OF REFINED SOYA OIL 08 MARCH 2017

• Refined soy oil futures closed lower on Tuesday tracking international prices.
  
• Moreover, cut in import tariff also pressurize the futures price. Domestic edible oil in 2016/17 is forecast to produce 72.8 lt, up 25.5% compared to last year’s production of 58 lt. 
• The government has cut the base import price of soyoil by $33 per tonnes for first half of March, steepest cut among other edible oils. The base import price of crude soyoil is now at $814.

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