Comments
Despite improved global cues, sluggish trend continued in soya oil on slack physical demand with soya refined in local mandis being quoted at ₹632-35, while soya solvent ruled at ₹600-605. Soyabean was being quoted as high as ₹4,000 a quintal. Plant deliveries of soyabean remained firm at ₹3,950 a quintal. Given adequate carryover stock in soyabean and hopes of better monsoon, rally appears unlikely in the coming days. Any further rise or fall in soyabean prices would depend upon crop sowing report after a month or so, said Agrawal, a local trader. Amid slack domestic demand, soyameal currently in Indore mandis is being quoted at ₹3,300-3,500 a quintal.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.