Nagpur Soybean, Soyoil, Soymeal Open- March 26
Nagpur, Mar 26 (Reuters) – Barring a sharp rise in linseed oil, major edible oil prices today generally ruled flat in the Vidarbha region of Western Maharashtra in the absence of any worthwhile trading activity. Notable rise in demand from millers and retailers against inadequate stocks mainly pushed linseed oil prices up. No trader was in mood for any commitment in volatile overseas market and adopted `wait and watch’ move, sources said Wednesday.
VIDARBHA MARKETS
OILS – Soyabean, cottonseed, groundnut loose, groundnut refined, sunflower refined, rapeseed, castor and coconut KP oil ruled steady in weak trading activity. Traders expect nearly steady trend in major edible oils here.
SOYMEAL – Prices today recovered smartly here on renewed demand from South-based traders amid short supply from local crushing plants.
SOYABEAN – Soyabean prices in Nagpur Agriculture Produce and Marketing Committee (APMC) showed weak tendency on poor buying support from local traders amid high moisture content arrival. No takers to soyabean oil, easy condition in Madhya Pradesh soyabean prices and good supply from producing belts also affected prices in weak trading activity, according to sources.
Read More: https://www.reuters.com/article/idUSL4N0MN2MS/
