Uptrend in soya continues

Our Correspondent Indore | Updated on June 22, 2020

Uptrend continued in soya and other oils on strong global cues and increased demand for palm oil. The closure of most of the plants in Madhya Pradesh also added to the uptrend in soya oil. Soya refined Indore (Avi) rose to ₹855 for 10 kg, while soya refined (Vippy & Bajrang) was quoted at ₹852. Soya refined Neemuch (MS Solvex) rose to ₹842, while soya refined Mandsaur (Amrit) was quoted at ₹842-46 and soya refined Pachore (MS) at ₹849. Soya refined Kalapipal (Ambika) rose to ₹852. Soya solvent also traded higher at ₹800-805 for 10 kg.

Uptrend also continued in other oils on limited availability of imported oils, with palm oil (Indore) rising to ₹870 for 10 kg and palm oil (Bombay) to ₹810. Cotton oil also ruled higher, with cotton oil (Gujarat) rising to ₹810 , while cotton oil (Maharashtra) ruled at ₹845-49. Groundnut oil (Indore) on the other hand was quoted at ₹1,360-70 and groundnut oil (Gujarat) at ₹1,340, while groundnut oil (Bombay) ruled at ₹1,350.

Mustard seeds (Nimar) ruled firm at ₹4,050-4,100 a quintal, while raida was quoted at ₹3,950. Plant deliveries of mustard seeds for Jaipur line were quoted at ₹4,900-4,905. 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 with 65,000 bags, Madhya Pradesh 20,000 bags, and Gujarat, Haryana/and Punjab 15,000 bags each, while 45,000 bags were offloaded elsewhere in the country.

Published on June 22, 2020

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