Thursday, April 11, 2019

EPIC RESEARCH NCDEX UPDATE OF REF SOYA OIL 11 APRIL 2019


  • Ref.Soya oil trading range for the day is 714-732.
  • Ref.Soya oil dropped due to higher stocks at port, expectation of higher imports due to low tariff value.
  • However, downside seen limited amid reports of good seasonal demand in physical markets and lack of selling.
  • In a fortnightly notification, Government cut tariff value of crude soy oil by 18 dollar to $711 per tn for the first half of April.
  • At the Indore spot market in Madhya Pradesh, soyoil was steady at 748 Rupees per 10 kgs.

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