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Weak cues drag soya

Weak cues drag soya

APRIL 16 2018


Weak physical demand and global cues dragged soya oil prices with soya refined being quoted at 762-65 for 10 kg, while soy solvent declined to 730-35. Weak demand from the crushers also dragged soyabean prices in the physical market to 3,750 a quintal, while plant deliveries ruled at 3,800. According to Sanjay Agrawal, a local trader, monsoon holds the key to soyabean prices in the coming days. In case of timely monsoon, any rally appears unlikely, he added. Soyameal on the spot was at 34,500 on weak domestic demand.



Technical Research
Thursday, October 11, 2018
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