Tuesday, May 29, 2018

EPIC RESEARCH NCDEX UPDATE OF REF SOYA OIL 29 MAY 2018


  • Ref.Soya oil trading range for the day is 761-775.
  • Ref soyoil ended with losses on profit booking tracking weakness in spot demand and other oilseed counters.
  • However downside seen limited amid reports that the government may increase import duty on soyoil to support prices.
  • The government has slashed the base import prices of crude soyoil by $24 per tn to $800 per tonnes for the second fortnight of current month.
  • At the Indore spot market in Madhya Pradesh, soyoil was steady at 751.75 Rupees per 10 kgs.

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