Weak global cues dip soya

Our Correspondent

Indore, March 12

Both soy oil and soybeantraded lower amid adequate availability of soy seeds, weak global cues and absence of cash flow at retail counters with soy refined declining to ₹765-70 for 10 kg, while soy solvent ruled at ₹735-40. On Monday soybean in Indore mandis declined to ₹3,650-75. Similarly plant deliveries of soybean declined to ₹3,800 a quintal . Soybean futures also declined on weak demand and buying support with soybean's March and April contracts on the NCEDX today closing at ₹3,690₹3,732 respectively. Soybean DOC was quoted lower at ₹32,000 a quintal on weak domestic demand.

Published on March 12, 2018
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