EPIC AGRI COMMODITY UPDATE:REF SOYA OIL

[epicresearch]

Ref.Soya oil trading range for the day is 644-666.Ref.Soya oil settled down on estimates of higher oilseed production in the current season to increased acreage.Cautious buying is seen in spot market due to sufficient soybean stocks in the mandis and better oilseed sowing adding to the pressureThe import of vegetable oils during July 2013 is reported at 8.89 lakh tonnesAt the Indore spot market in Madhya Pradesh, soyoil was steady at 681.15 rupees per 10 kgs.