MARKET DEVELOPMENT
Soya Oil up on Strong Signals
Soya Oil up on Strong Signals
19/08/2016 (Hindu Business Line) - Majority of oils in Indore mandis have been witnessing an uptrend on strong global cues and improved domestic demand with soya refined being quoted at ₹650-55 (up ₹ 20-22 from last week), while soya solvent ruled at ₹ 615-620 (up ₹15). Cotton oil also ruled higher at ₹700 (up ₹20 from last week). Similarly, palm oil also gained higher at ₹665 (up ₹40), while groundnut oil ruled at ₹1,470-75 (₹1,440-60). Amid negligible arrival, mustard seeds ruled flat at ₹4,250-4,300 a quintal, while raida was quoted at ₹4,200-50. Plant deliveries of mustard oil for Jaipur line were also quoted lower at ₹5,060-65 (₹5,125-30).