Commodity News
HeadLine : Weaker cues drag oils
Date : Jan 19 2018
Majority of oils and oilseeds in Indore mandis traded lower on weak global cues and slack demand with soya refined today being quoted at Rs 735-38 per 10 kg, while soya solvent ruled at Rs 705-8.

Bearish sentiment also prevailed in palm and cotton oils. Palm oil went for Rs 675 (down Rs 5 from last week), while cotton oil (Indore) declined to Rs 690.

Groundnut oil remained stable at Rs 1,030-50. Mustard seeds and raida ruled stable with mustard seeds at Rs 4,600-4,700 a quintal, while raida ruled at Rs 3,300.

Plant deliveries for Jaipur line today were lower at Rs 4,015-20 (Rs 4,040-45 a quintal last week). Uptrend continued in soyabean on declining arrivals with its prices rising to RS 3,350 a quintal.

Source:Businessline

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