Wednesday, September 20, 2017

EPIC RESEARCH NCDEX UPDATE OF SOYA OIL 20 SEPTEMBER 2017


  • Ref.Soya oil trading range for the day is 668-674.
  • Ref soyoil ended with losses tracking weakness in spot demand amid profit booking after prices gained amid reports of lower imports.
  • As per the data released by SEA, Aug crude soyoil import down 13% at 289,746 tn vs 333,599 tn yr ago, while Nov-Aug crude soyoil import also down 22%.
  • For the second half of September, the government raised the base import price of crude soyoil by $16/tonnes to $851/tonnes.
  • At the Indore spot market in Madhya Pradesh, soyoil was steady at 666.6 Rupees per 10 kgs.

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