Comments
Soyabean and soya oil ruled firm in private trading even as local mandis here remained closed on Monday for Janmashtami festival. In the spot market, soya refined ruled at Rs 633-635 for 10 kg on lack of buying. In private trading, soya refined saw some buying at Rs 633-634 for 10 kg, while soya solvent, for which there was no demand, quoted at Rs 598-600 in the spot market. The National Board of Trade remained closed because for the holiday.
Soya-oil futures, however, closed higher on the National Commodity and Derivatives Exchange on strong projections by Chicago Board of Trade and as Malaysian palm oil futures rose, with September and October contracts closing at Rs 659.05 and Rs 649.05. Soya seeds remained stable in private trading at Rs 2,280-2,320 a quintal, while plant deliveries of soya oil ruled at Rs 2,380-2,410 a quintal. Trading in soyabean futures remained sluggish, with September contract closing Rs 8 lower at Rs 2,405 a quintal and October contact ruling firm at Rs 2,480 on the NCDEX .
Comments
COMMENT NOW
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.