Strong global cues lift oil prices

Strong global cues and improved physical demand have lifted prices of majority of oils in Indore mandis barring soy oil with soy refined today being quoted at Rs 655-57 for 10 kg, while soy solvent ruled at Rs 622-25. Palm and cotton also traded higher on improved physical demand with palm oil today being quoted at Rs 630, while cotton oil rose to Rs 650 (up Rs 23 from last week). Groundnut oil also ruled higher at Rs 980-Rs 1,100 quintal on improved buying.