Soya gains despite slack demand

Our Correspondent Indore | Updated on June 11, 2020 Published on June 11, 2020

Amidst talks about rise in 5 per cent import duty on edible oils by the Centre, most of the oils in Indore and other mandis in Madhya Pradesh are being traded at a higher price despite poor offtake.

Soya refined Indore (Avi & Bajrang) on Thursday was quoted at ₹830 for 10 kg each, soya refined (Keshav & Prakash) at ₹835, soya refined (Vippy) ₹827, Neemuch (Dhanuka) ruled at ₹820, MS Solvex at ₹822, soya refined Mandsaur (Amrit) was at ₹822, soya refined (Pachore) at ₹825, while soya refined Kalapipal (Ambika) fetched ₹830 for 10 kg, respectively. Soya solvent, on the other hand, was quoted at ₹775-80 for 10 kg.

Similarly, groundnut oil (Indore) ruled at ₹1,370-90 for 10 kg, groundnut oil (Gujarat) at ₹1,350, while groundnut oil (Bombay) ruled at ₹1,380 for 10 kg. Palm oil (Indore) rose to ₹825 for 10 kg, palm oil (Bombay) ₹775, while cotton oil (Gujarat) was quoted at ₹782 for 10 kg, respectively.

Mustard seeds (Nimar) ruled steady at ₹4,000-4,050 a quintal on weak demand, while mustard seeds (Jaipur) was quoted at ₹4,785, mustard cake (Jaipur) at ₹1,880. Weak demand in mustard oil also dragged plant deliveries for Jaipur line today to ₹4,780-85 (4,825-30) a quintal.

The arrival of mustard seeds across the country today was recorded at 3.75 lakh bags. Rajasthan led the arrival with 2.15 lakh bags, followed by Uttar Pradesh - 65,000 bags, Madhya Pradesh - 20,000 bags, Gujarat and Haryana/Punjab - 15,000 bags each, while 45,000 bags were offloaded elsewhere in the country.

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Published on June 11, 2020
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