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MARKET DEVELOPMENT
Improved Buying Lifts Soya Oil
calendar30-12-2016 | linkHindu Business Line | Share This Post:

30/12/2016 (Hindu Business Line) - Despite weak global cues, improved buying has lifted prices of majority of oils in Indore mandis with soya refined being quoted at ₹725-28. Similarly, soya solvent ruled at to ₹690-95.

Cotton oil ruled higher at ₹690 on weak availability, palm oil at ₹675, while groundnut oil quoted at ₹1,030-50.

Mustard seeds in the physical market declining to ₹4,000 a quintal, while raida ruled at ₹3,800. Plant deliveries of mustard were quoted higher at ₹4,515-20.

Similarly in futures mustard seeds traded lower with its January and February contracts on the NCDEX closing at ₹3,023 and ₹3,074 respectively.