Commodities

Weaker cues drag oils

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

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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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