Friday 23 May 2014

Capital stroke NCDEX Update : REF SOYA OIL 23 MAY 2014



Ref.Soya oil trading range for the day is 682-702.
Ref soyoil ended with gains tracking firmness in spot demand and upbeat global cues on improved China demand.
The oilseed prices may also be supported on lower stockpiles of the bean in United States and dwindling supplies in the local mandis.
The global supplies are on the rise coupled with good sowing progress reports in US will keep the upward movement restricted.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 710.8 rupees per 10 kgs.

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