Wednesday, February 07, 2018

EPIC RESEARCH NCDEX UPDATE OF REF SOYA OIL 7 FEBRUARY 2018


  • Ref.Soya oil trading range for the day is 736-750.
  • Ref soyoil ended with losses due to drop in soybean prices in physical market and reduction of tariff value by government for first half of Feb.
  • Government has slashed the base import price of crude soy oil by $5 per tonnes to $822.
  • Soyoil imports were down by 66% in December to 79,250 tonnes compared to 2.32 lt last year.
  • At the Indore spot market in Madhya Pradesh, soyoil was steady at 732.6 Rupees per 10 kgs.

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