Soya Oil Future Price High on NCDEX, Soyabean Rule Flat

Unknown | 03.04 | 3 komentar

Soya oil futures traded higher on the National Commodity and Derivatives Exchange (NCDEX), with October and November contracts closing at Rs 608.50 and Rs 588.80, respectively.

Soyabean ruled flat as soya-seeds arrivals in state mandis rose to 5.5 lakh bags against 3.5 lakh bags on Saturday. Soya seeds sold at Rs 1,900-2,000 a quintal in State ex Indore mandis. In Indore mandis, 14,000 bags arrived and sold at Rs 1,850-2,010 a quintal. In Ujjain mandis, 24,000 bags arrived and sold at Rs 1,800-2,000 while 22,000 bags arrived in Dewas and sold at Rs 1,940-2,030 a quintal.

Soya refined sold at Rs 593-594 for 10 kg against Rs 593-596 on Saturday in the ready market. Soya solvent, on the other hand, improved marginally at Rs 553-557 for 10 kg (Rs 552-556). In contrast, soya oil futures traded higher on improved buying. Soya refined for October delivery closed Rs 4.50 higher at Rs 590 for 10 kg on National Board of Trade in Indore (Rs 611.50).

Plant deliveries of soyabean ruled at Rs 2,050-2,075 a quintal. Soyabean futures rose on buying. Soya seeds for October delivery the NCDEX were up Rs 18 at Rs 2,068 while for November delivery rose Rs 4.50 at Rs 2,090 a quintal. Trade sources said soyabean would likely remain range-bound amid rising arrivals.

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3 komentar:

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  3. Unknown23 Juni 2014 pukul 04.09

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