Tuesday, 3 June 2014

Capital stroke NCDEX Update : SOYA OIL 4 June 2014




Ref.Soya oil trading range for the day is 644-656.
Ref soyoil settled flat as prices seen under pressure on slack demand from the local oil refineries and plants amid absence of fresh oilmeal export queries
India FY14 soymeal exports slumped 20% to 2.7 million tons compared to 3.4 tons for the same period a year ago.
As per the data released by the Solvent Extractors' Association of India Imports of vegetable oils, including non-edible oils in April declined 27.17% y-o-y to 832,760 tn.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 667.15 rupees per 10 kgs.

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