Most of the oils traded lower on weak demand and global cues at the mandis in Indore. Soya refined was at ₹745-48 for 10 kg, while soya solvent ruled at ₹710-15. Palm oil (Indore) at ₹745, while cotton oil ruled at ₹850-53 for 10 kg. Groundnut oil at ₹840-60. Mustard seeds and raida traded higher on weak arrival with mustard seeds gained ₹100 at ₹4,000 a quintal, while raida ruled at ₹3,700. Weak availability of mustard seeds with the crushers also perked up plant deliveries of mustard seeds for Jaipur line today to ₹4,365-70 a quintal. In futures however, mustard seeds traded low on weak global cues and buying support with its July contract closing ₹4 lower at ₹4,200 a quintal, while its August contract on the NCDEX closed ₹2.70 lower at ₹4,206 a quintal respectively.
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.