Despite strong global cues, demand in soya oil remained weak with soya refined being quoted at ₹752-55 for 10 kg, while soya solvent ruled at ₹715-20. Soyabean traded lower at ₹3,650-₹3,700 a quintal on weak demand in soya oil and its meal. In futures, however, soya seedswith it's May and June contracts on the NCDEX today closing at ₹3,670 and ₹3,725 respectively. Plant deliveries fetched ₹3,675-3,700 . Weak domestic demand also dragged soyameal to ₹30,000 a quintal.
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.