Wednesday 20 August 2014

Capital stroke NCDEX Update : SOYA OIL 20 August 2014



Ref.Soya oil trading range for the day is 624-644.
Ref.Soya oil settled down as pressure seen on profit booking after prices seen supported on the back of improved demand in the spot market.

Expectations that higher yield following forecasts by the US government for the harvest this year to climb to record, capped some gains.

The oilseeds area has increased to 163.09 lakh ha compared to 182.32 lakh ha of last year.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 646.6 rupees per 10 kgs.

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