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Thursday, May 18, 2017

EPIC RESEARCH NCDEX UPDATE OF SOYA OIL 10 May 2017


  • Ref.Soya oil trading range for the day is 630-636.
  • Ref soyoil prices ended with gains driven by good physical demand and increase in the tariff value for May.
  • Government increases the tariff value for crude soyoil for the second half of May by $13 to $793 per tonnes.
  • There is still good domestic supplies due to cheap imports and high domestic crushing.
  • At the Indore spot market in Madhya Pradesh, soyoil was steady at 631.2 Rupees per 10 kgs.

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