Agri Business

Sluggish offtake pounds soyabean

Our Correspondent Indore | Updated on January 20, 2018 Published on May 23, 2016

BL23-SOYABEAN

Despite strong global cues, both soya oil and soyabean traded lower in Indore mandis on sluggish demand with soya refined at ₹630-32, while soya solvent declined to ₹595-600 (down ₹5 from last week). According to traders here, strong buying support and demand in palm oil, has dragged demand in soya oil, leading to fall in its prices. Soyabean also traded lower at ₹4,000-50 a quintal on weak physical demand, while plant deliveries were quoted at ₹4,100. Soyameal on the spot traded at ₹36,000 a quintal.

Published on May 23, 2016
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