Weaker cues drag oils

Our Correspondent Indore | Updated on January 18, 2018 Published on January 18, 2018

Majority of oils and oilseeds in Indore mandis traded lower on weak global cues and slack demand with soya refined today being quoted at ₹735-38 per 10 kg, while soya solvent ruled at ₹705-8. Bearish sentiment also prevailed in palm and cotton oils. Palm oil went for ₹675 (down ₹5 from last week), while cotton oil (Indore) declined to ₹690. Groundnut oil remained stable at ₹1,030-50. Mustard seeds and raida ruled stable with mustard seeds at ₹4,600-4,700 a quintal, while raida ruled at ₹3,300. Plant deliveries for Jaipur line today were lower at ₹4,015-20 (₹4,040-45 a quintal last week). Uptrend continued in soyabean on declining arrivals with its prices rising to ₹3,350 a quintal.

Published on January 18, 2018
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