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News Admin
 
Date
 21/08/2020
News Provider
 Norsaidatul Najwa Mohd Shaharmi
News Source
 The Hindu Business Line
Headline
 Edible oils in bear grip

The Hindu Business Line (20/08/2020) Amidst weak futures and slack demand, most of the oils at the mandis in Indore were quoted lower with soya refined declining to 855-60 for 10 kg, while soya solvent ruled at 805-10.

Amongst plants, soya refined (Ruchi & Vippy) were quoted at 860 each, Bajrang - 862, Prakash 855-57, Gambuja - 865, Avi Ujjain - 868, Shujalpur - 863, Ambika (Kala pipal) - 860, MS Pachore - 851, Khandwa - 863, Bansal - 860, Itarsi - 864-65, Dhanuka (Neemuch) - 845, MS Solvex Neemuch - 847, Kota refined - 860-65, while soya refined Nimbhara was quoted at 853-54 for 10 kg, respectively.


Plant delivery of soyabean were quoted at 3,725-3,880 a quintal. Groundnut oil (Indore) was also quoted lower at 1,230-40, groundnut oil (Bombay) at 1,230, while groundnut oil (Gujarat) ruled at 1,200. Cotton oil (Gujarat) was quoted at 830.


Rise in futures, on the other hand, perked up palm oil with palm oil (Indore) today rising to 870, while palm oil (Bombay) was quoted at 835. Decline in buying support at higher rate dragged mustard seeds (Nimar) today to 4,500-4,550 a quintal, while mustard seeds Jaipur ruled at 5,300-5,305. Kachhi Gjani Jaipur was quoted at 1,071-1,073, while mustard cake Jaipur ruled at 2,150.


Arrival of mustard seeds across the country today was recorded at 1.25 lakh bags. Rajasthan led the arrival with 70,000 bags, followed by UP - 15,000 bags, MP - 10,000 bags, Gujarat and Haryana/Punjab - 5,000 bags each, while 20,000 bags were offloaded elsewhere in the country.


Read more at https://www.thehindubusinessline.com/markets/commodities/edible-oils-in-bear-grip/article32405884.ece#



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