Monday, August 28, 2017

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 28 AUGUST 2017


  • Ref.Soya oil trading range for the day is 659-669.
  • Ref soyoil ended with gains as the United States hiked import duty on bio-diesel from Argentina and on strong festive demand in domestic market.
  • Prices of soyoil were also supported by the strong demand in local market for the festival season.
  • To meet growing demand, India imported 34 per cent more vegetable (edible and non-edible) oil in July from a year before, at 1.52 mt.
  • At the Indore spot market in Madhya Pradesh, soyoil was steady at 659.75 Rupees per 10 kgs.

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