Trading in soya refined in the local mandis , by and large, remained subdued on scattered demand from Nagpur in Maharashtra and Gujarat, unlike Wednesday which saw a boil in soya oil prices on strong global cues and improved dollar rates. However, soya refined gained in local mandis on improved global cues and rise in demand at lower rate on Thursday. On Thursday, with Malaysian palm oil futures improving, soya refined further gained in the physical market and was quoted higher by Rs 4-5 at Rs 612-615 for 10 kg. As compared to soya solvent, demand in soya refined remained restricted to Maharashtra and Gujarat. On the other hand, soya solvent witnessed some active buying with its prices in the spot being quoted at Rs 580 and in delivery at Rs 585 for 10 kg.

Soya oil futures saw a marginal decline as traders withdrew at the higher rate. On the NBOT, soya refined June contract closed marginally lower at Rs 648.90. Soya oil futures, however, gained slightly on the National Commodity and Derivatives Exchange (NCDEX) with June and July contracts closing at Rs 650.7 and Rs 655 respectively.

Ssoyabean gained following rise in demand at the plant level. In the spot, soyabean in mandis across Madhya Pradesh was quoted at Rs 2,250-2,300 against Rs 2,220-2,260 a quintal on Wednesday. Similarly, plant deliveries in soyabean also perked up to Rs 2,350-2,370 a quintal against Rs 2,300-2,435 a quintal. Soyabean futures on the NCEDX, however, declined on lack of buying interest at the higher rate. June and July contracts of soya seeds on the NCEDX closed lower at Rs 2,384 and Rs 2,414 a quintal respectively. Arrivals of soyabean in State mandis was recorded at 50,000 bags against 3,000 bags in Indore mandis .

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