Tuesday, December 11, 2018

EPIC RESEARCH NCDEX UPDATE OF REF SOYA OIL 11 DECEMBER 2018


  • Ref.Soya oil trading range for the day is 727-753.
  • Ref.Soya oil gained on short covering amid robust demand in physical for marriage season and lower imports.
  • However, downside seen limited on expectations of higher domestic availability of soyoil on the back of bumper output of soybean.
  • India's 2018-19 soybean production is projected at 13.46 million tons, up 22.5% over previous year, agriculture ministry data showed.
  • At the Indore spot market in Madhya Pradesh, soyoil was steady at 738.35 Rupees per 10 kgs.

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