Agri Business

Soya refined oil trades higher at Indore mandis

Indore | Updated on June 18, 2020 Published on June 18, 2020

Our Correspondent

The majority of oils in Indore mandis traded higher on improved buying and rise in futures with soy refined Indore (Vippy & Bajrang) on Thursday being quoted at ₹833 for 10 kg each, soy refined (Vippy) at ₹835, soy refined Neemuch (Dhanuka) ruled at ₹823, MS Solvex at ₹825, soy refined Mandsaur (Amrit) at ₹825, soy refined Pachore (MS) at ₹830, while soy refined Kalapipal (Ambika) rose to 835 for 10 kg respectively.

Soy solvent also ruled higher at ₹785-90 for 10 kg. Similarly, palm oil (Indore) rose to ₹850-55 for 10 kg, palm oil (Bombay) - ₹790, while cotton oil (Gujarat) was quoted at ₹790 for 10 kg. Groundnut oil, on the other hand, declined on weak buying with groundnut oil (Indore) on Thursday at ₹1,340-60 for 10 kg, groundnut oil (Gujarat) at ₹1,340, while groundnut oil (Bombay) ruled at ₹1,325 for 10 kg.

Weak arrival perked up mustard seeds (Nimar) to ₹4,050-4,100 a quintal, while raida was quoted at ₹3,950 a quintal. Weak availability of mustard seeds lifted plant deliveries of mustard seeds today to ₹4,925-30 a quintal. The arrival of mustard seeds across the country today declined to 3.50 lakh bags. Rajasthan led the arrival with 2 lakh bags, followed by Uttar Pradesh with 60,000 bags, Madhya Pradesh with 20,000 bags, Gujarat and Haryana/Punjab with 15,000 bags each, while 40,000 bags were offloaded elsewhere in the country.

Published on June 18, 2020

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Improved buying lifts soya