Oilseeds dip on weak demand

Our Correspondent Indore | Updated on July 11, 2019 Published on July 11, 2019

Despite improved global cues, oils and oilseeds in Indore mandis traded low on weak physical demand with soya refined quoted at ₹730 for 10 kg (down ₹20 from last week), while soya solvent ruled at ₹685-690. Palm oil (Indore) declined to ₹615, while cotton oil (Gujarat) ruled at ₹738 for 10 kg. Groundnut oil was quoted at ₹1,080-1,100 for 10 kg. Mustard seeds ruled at ₹3,650, while raida was quoted at ₹3,500 a quintal. In the futures segment, however, mustard seeds were quoted higher with its July and August contracts on the NCEDX today closing at ₹3,540 (up ₹11) and ₹3,601 (up ₹21) a quintal, respectively.

Published on July 11, 2019
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