Commodities

Soya oil rises with demand

Our Correspondent Indore | Updated on June 01, 2020 Published on June 01, 2020

Amidst strong global cues and opening of mandis across Madhya Pradesh, the demand in palm and other oils increased leading to a rise in soya oil prices. On Monday, soya refined Indore (Ruchi) rose to ₹815 for 10 kg, Vippy ₹807, Avi ₹808, while soya refined Neemuch (MS) was quoted at ₹796, Dhanuka ₹796, Bajrang ₹810, soya refined Pachore (MS) at ₹805, while soya refined Mandsaur (Amrit) was quoted at ₹800 for 10 kg, respectively. Soya solvent also traded higher at ₹765-70 for 10 kg. Increased demand in oil also lifted plant deliveries of soyabean to ₹3,950 a quintal. Improved domestic buying boosted soyameal with its prices on Monday being quoted at ₹32,000 a tonne.

Published on June 01, 2020
This article is closed for comments.
Please Email the Editor