EPIC AGRI COMMODITY UPDATE:REF SOYA OIL

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Epic Research
Ref.Soya oil trading range for the day is 705-721.Ref soyoil gained following gain in overseas edible oil prices and on strong demand in local spot markets amid limited suppliesSoybean supplies are not rising as per expectations and demand is robust.Technically market is under short covering as market has witnessed drop in open interest by -4.03% to settled at 103110 At the Indore spot market in Madhya Pradesh, soyoil was steady at 706.5 rupees per 10 kgs

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