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Weak global cues, physical demand arrest uptrend in soy oils in MP

23 Sep 2020 7:36 pm
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Indore (Commodities Control) - Weak global cues, physical demand, increased arrival of soybean with high moisture content arrested uptrend in soy oils in mandis across Madhya Pradesh.

Soy refined in Indore today declined to Rs 925-30, while soy solvent ruled at Rs 875-80 for 10 kg. Soy refined plants rates also declined with soy refined Vippy today being quoted at Rs 928 for 10 kg each, soy refined Ruchi ruled at - Rs 935, soy refined Prakash/Keshav/Bajrang - Rs 930 each, Mahakali - Rs 940, Avi (Ujjain) - Rs 933-35, soy refined MS Pachore was quoted at Rs 921, Neemuch (MS Solvex) - Rs 917, (Dhanuka) - Rs 917, Amrit (Mandsaur) - Rs 921, while soy refined Kalapipal (Ambika) ruled at Rs 930 for 10 kg respectively.

Reports of large scale damage to soybean crops on account of incessant rains in Madhya Pradesh also lifted plant deliveries of soybean today to Rs 3,950-Rs 4,000 a quintal. Soybean in Indore mandis today ruled at Rs 3700-Rs 3900 a quintal.

In Neemuch mandi, soybean best quality ruled at Rs 3800-Rs 3950, soybean (average) at Rs 3410-Rs 3750, while soybean (cheap quality with high moisture content) was quoted at Rs 2880-Rs 3200 a quintal respectively.

(Commodities Control Bureau)

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