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.