Higher arrivals crush mustard

Barring groundnut oil, majority of oils in Indore mandis were higher despite weak global cues. Soya refined was being quoted at ₹748-50 for 10 kg (up ₹8 from last week), while soya solvent rose to ₹715-20 (₹710-14 last week). Similarly, palm and cotton oils traded higher with palm oil at ₹712-14, while cotton oil (Indore) ruled at ₹730. Groundnut oil traded lower at ₹920-40 (down ₹10) on weak demand. Amid steady rise in arrival of new crop across the country, mustard seeds were quoted at ₹4,700-50 a quintal, while raida ruled at ₹3,400-50. Plant deliveries for Jaipur line were lower at ₹4,095-4,100.