Downtrend in soya continues – The Hindu BusinessLine

Downtrend in soya oil ongoing in mandis throughout Madhya Pradesh on weak worldwide cues and…

Downtrend in soya oil ongoing in mandis throughout Madhya Pradesh on weak worldwide cues and subdued physical demand from customers. A drop in obtaining aid at a larger charge also added to the bearish sentiment in soya oil, with soya refined currently declining to ₹898-900, although soya solvent dominated at ₹850-855 for ten kg.

With a rise in the arrival of new crop, soya oil plants’ charge also declined, with soya refined Mahakali currently currently being quoted at ₹910, Prakash ₹900, Keshav/Bajrang ₹901 for ten kg each soya refined Vippy ₹902, Bajrang ₹901, Gambuja ₹915, and Avi (Ujjain) ₹900. Soya refined MS Pachore was quoted at ₹900, Neemuch (MS Solvex) ₹893, Dhanuka ₹890, Amrit (Mandsaur) ₹895, Khandwa ₹905, Itarsi ₹906 and Nimbhara ₹898, although soya refined Kalapipal (Ambika) declined to ₹900 for ten kg.

Plant deliveries of soyabean have been quoted decrease at ₹3,900 a quintal, although soyabean seeds have been quoted at ₹3,800-3,850 a quintal. In Neemuch, soyabean dominated at ₹3,830 a quintal. Soya DOC was quoted at ₹32,500-33,000 a tonne on enhanced domestic demand from customers in hypro.