Soya oil and soyabean prices remained steady even as foreign markets weakened. Soya refined, which opened at Rs 615 for 10 kg in the morning, declined in late afternoon as weak global cues depressed Malaysian palm oil futures. By and large, soya refined saw bulk-trading at Rs 612-613 for 10 kg.

While resellers here sold soya refined at Rs 612 for 10 kg, they sold it at Rs 610-611 for 10 kg in Neemuch and Mandsaur.

Declining foreign markets also pulled down soya solvent, as it fetched Rs 582 for 10 kg in the spot market and Rs 585 for 10 kg in the delivery market.

Unlike spot soya oil prices, soya refined futures traded higher on improved buying. July contract for soya refined on the National Board of Trade, closed Rs 2.70 higher at Rs 643.70. Similarly, soya oil futures closed marginally higher on the National Commodity and Derivatives Exchange, with its July and August contracts opening at Rs 642.60 and Rs 641.90.

soya seeds

Soya seeds also remained firm though demand remained subdued at the plant level and as the Chicago Board of Trade made weak projections. In the spot market, soyabean sold at Rs 2,180-2,220 a quintal across mandis in Madhya Pradesh ex-Indore against Rs 2,170-2,140 a quintal in Indore mandis .

On the NCDEX, soya seeds traded lower with its July and August contracts closing at Rs 2,285 and Rs 2,303.

While 35,000-40,000 bags arrived in State ex-Indore mandis , 2,500 bags arrived in Indore mandis .

Soya de-oiled cake continued to remain firm on subdued export demand.

In Kandla port, soya de-oiled cake was quoted at Rs 17,500 a quintal, while in the domestic market it was quoted at Rs 16,400 a quintal.

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