EPIC AGRI COMMODITY UPDATE:REF SOYA OIL

[epicresearch]

Ref.Soya oil trading range for the day is 724-736.Ref soyoil ended losses on profit booking amid weak spot demand after prices gained on fear of low suppliesRestricted supplies of soyabean in major producing states prompted strong demand in soya oil prices in last one week.The total production for the major producing states like Madhya Pradesh and Rajasthan is estimated at 50 and 8.50 lakh tonnes.At the Indore spot market in Madhya Pradesh, soyoil was steady at 727.75 rupees per 10 kgs.