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NEWS ADMIN

DATE

15/03/2019

NEWS PROVIDER

Nur Aisha Abd. Wahab

NEWS SOURCE

The Hindu Business Line

CATEGORY

HEADLINE

Sluggish trend continues in soya

The Hindu Business Line (14/03/2019) - Sluggish trend continued in the majority of oils in Indore mandis on weak physical demand and global cues with soy refined quoted at 768-70 for 10 kg, while soy solvent ruled at 735-40. Palm and cotton oils also traded low with palm oil quoted at 660 (down 10 from last week), while cotton oil (Gujarat) ruled at 700 and cotton oil (Indore) at 745 for 10 kg respectively. Groundnut oil ruled stable at 940-60 for 10 kg.

Amid rising arrivals and weak physical demand, mustard seeds and raida continued to trade low with mustard seeds prices in the physical market quoted at 3,750-75 a quintal, while raida ruled at 3,400. In future also mustard seeds with its April and May contracts on the NCDEX today closing at 3,806 (down 31) and 3,842 a quintal (down 32) respectively, Plant deliveries of new mustard seeds for Jaipur line quoted lower at 3,920-25 a quintal.

Read more at https://www.thehindubusinessline.com/markets/commodities/sluggish-trend-continues-in-soya/article26534028.ece