Demand heats up soya oil

Updated - January 09, 2018 at 03:16 AM.

Soybeans sit on display at a warehouse in the Vashi Agricultural Produce Market Committee (APMC) wholesale market in Mumbai, India, on Saturday, Dec. 13, 2014. The wholesale-price index in November didnt advance for the first time since July 2009, when it fell 0.31 percent. All of the 34 analysts in a Bloomberg survey had forecast an increase. Photographer: Dhiraj Singh/Bloomberg via Getty Images

Despite weak global cues, scattered buying support and physical demand lifted soya oil in Indore mandis today with soya refined being quoted at ₹690-92 per 10 kg, while soya solvent ruled at ₹655-58. Soyabean traded lower at ₹2,700 a quintal on weak demand and rise in arrival of new crop. Plant deliveries of soyabean were lower at ₹2,725-50 a quintal. Amid weak domestic demand, soyameal ruled at ₹21,500.

Published on November 13, 2017 16:09