EPIC RESEARCH NCDEX UPDATE OF REF SOYA OIL 3 NOVEMBER 2017

• Ref.Soya oil trading range for the day is 690-724.
  
• Ref soyoil prices gained tracking firmness in spot demand on reports that government is seriously considering increase in import duty of edible oil.
• SEA has once again requested the Centre to increase the import duty on edible oils, due to lower oilseed prices and financial loss to farmers.
• The tariff value for soy oil has been increase by $15 per ton by the government to $839 for the first half of Nov.
• At the Indore spot market in Madhya Pradesh, soyoil was steady at 683.3 Rupees per 10 kgs.

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