Thursday 17 July 2014

Capital stroke NCDEX Update : SOYA OIL 18 July 2014



Ref.Soya oil trading range for the day is 669-679.
Ref soyoil ended with gains as slow arrivals of southwest monsoon delayed sowing process of the bean in the key growing region.
However, scrapping of custom duty from RBD Palm oil may reduce the demand for refine soy oil.
Oilmeal exports have almost halved to 153,761 tonne in May from 298,310 tonnes in the same period last year.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 681.55 rupees per 10 kgs.

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