Poor demand drags soya complex

The downtrend in soya oil and soyabean continued on slack demand and buying support. With local mandis remaining closed on Monday, soya refined in private trading ruled at ₹638-41 for 10 kg, while soya solvent went for ₹612-16. Soyabean is also trading low with its prices in mandis across Madhya Pradesh being quoted at ₹3,150-3,250 a quintal (₹3,250-3,350 last week). Plant deliveries of soyabean declined to ₹3,250-3,325 (₹3,350-3,425). Sluggish trend also continued in soyameal on weak domestic and export demand with its prices on the spot being quoted at ₹27,500-800 a quintal.