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Soyabean in Indore mandis ruled firm on Monday at Rs 3,825-4,025 a quintal on subdued demand even as arrivals rose to 3-3.25 lakh bags.
Soyabean prices have been ruling high for the past one week in local mandis with prices exceeding Rs 4,000 a quintal.
Besides strong festival demand, weak arrivals on account of Diwali, fall in crop output estimate due to crop damage, have contributed to steep rise in the prices during the peak harvesting season, said a trader .
In futures, however, soyabean traded lower on weak buying support with November and December contracts on the NCDEX closing at Rs 3,953 (down Rs 9.50) and Rs 3,959 a quintal (down Rs 10) respectively.
Plant deliveries declined to Rs 3,940-70 (Rs 3,950-4,025) on sluggish demand.
Soyameal ruled firm at Rs 34,000-34,200 a quintal on export demand .
Soya oil declined on sluggish demand and profit taking at the higher rate.
On Monday, soya refined declined to Rs 685-90 (down Rs 10), while soya solvent ruled at Rs 648-50 (Rs 655-60).
In futures, however, soya oil traded higher despite weak futures with its November and December contracts on the NCDEX closing at Rs 728.90 (up Rs 3.35) and Rs 729 (up Rs 7.10) respectively.
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