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Soya oil ruled firm on scattered buying in the local market. In the spot market, soya refined ruled flat at Rs 634-637 for 10 kg (Rs 635-638), while it fetched Rs 634-635 in the resale market. Soya oil futures traded marginally lower on National Board of Trade (NBOT) on weak buying. Its October contract closed at Rs 656.70 after opening at Rs 657 in the morning. NBOT witnessed last cut of the month at Rs 668.27, while the final cut was recorded at Rs 667.
Trading in soya oil on the National Commodity and Derivatives Exchange also remained subdued. Its September contract closed marginally higher at Rs 667.90 for 20 kg after opening at Rs 667 in the morning, while its October contract closed lower at Rs 656.50 for 10 kg after opening at Rs 657.10.
Soya seeds remained sluggish on weak demand. In mandis across Madhya Pradesh soyabean ruled at Rs 2,280-2,340 a quintal, while plant deliveries were quoted at Rs 2,390-2,400 a quintal. New crop of soyabean has also slowly started arriving in local mandis. Indore mandis on Thursday witnessed arrival of 20 bags of new soyabean with 25-30 per cent moisture content.
New soyabean was sold at Rs 1,970-1,980 a quintal. Nearby Dewas also witnessed arrivals of 80 bags of new soyabean with 30 per cent moisture content that were sold at Rs 1,950 a quintal.
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