Bearish sentiment in soya

Our Bureau Updated - May 03, 2018 at 09:44 PM.

A Romanian farmer shows genetically modified soybeans in the village of Varasti (130km southeast of Bucharest) in this May 21, 2004 file picture. Romania, Europe's biggest soya grower until 1989, will ban the cultivation of genetically modified soy starting next year to harmonise with European Union norms as it gears up for entry, the Agriculture Ministry said on Friday. Picture taken May 21, 2004. REUTERS/Bogdan Cristel

Bearish sentiment prevailed in cooking oils on weak global cues and physical demand with soya refined being quoted at ₹752-55 for 10 kg, while soya solvent went for ₹715-20. Palm oil (Indore) ruled at ₹773-75, cotton oil (Gujarat) at ₹800-₹810, while groundnut oil traded at ₹910-30. According to traders, rise in temperature has also contributed to depleting demand in oils, leading to price fall. Mustard seeds were at ₹3,850-3,900, while raida ruled at ₹3,300-3,400 a quintal. Plant deliveries for Jaipur line were at ₹3,900-3,905.

Published on May 3, 2018 14:40