Friday, July 25, 2014

AGRI COMMODITY NEWS UPDATE REF SOYA OIL 25 - JULY -2014



Ref.Soya oil trading range for the day is 677-689.
Ref soyoil ended with gains tracking firmness in spot demand amid on the expectations of lower output due to poor monsoon.
Limited buying with steady supplies coupled with good sowing progress in western belts limited the upside
Soybean sowing is in full swing and likely to be completed by the end of the month, though total acreage may be lower than last year.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 686.5 rupees per 10 kgs.

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