Soya oil that had been ruling firm in the last three trading sessions declined on weak foreign market and buying support.

On Monday, soya refined slipped to Rs 635-40 for 10 kg (down Rs 5).

Similarly, soya solvent declined to Rs 595-97 for 10 kg (Rs 600-605) on weak global cues and decline in buying support at higher rate.

Currently, soya oil prices in the physical market are being influenced by the global market and according to prevailing trend, prices may go either way, said a trader.

In the futures market also soya oil was mixed.

On Monday, soya refined October contract on the NBOT closed at Rs 666.20 for 10 kg, while its final cut closed at Rs 670 for 10 kg.

On the NCDEX, soya oil October contract closed down Rs 2.15 at Rs 663 for 10 kg, while its November contract closed Rs 2.70 higher at Rs 646.65.

Though local mandis remained closed on account of ‘Amavasya’, in private trading soyabean ruled at Rs 3,050-3,125.

Last week, soyabean prices had gone up to as high as Rs 3,200 a quintal but a rise in arrival and buying of soyabean at lower prices by crushers dragged its prices by about Rs 100 a quintal in the past few days.

Plant deliveries of soyabean also declined to Rs 3,150 (down Rs 50-60).

In futures also, soyabean traded lower on weak global cues and CBOT projections with its October and November contracts on the NCDEX closing at Rs 3,133 a quintal (down Rs 36.50) and Rs 3,109 (down Rs 59.50).

Soyameal ruled at Rs 27,200 a quintal on scattered demand in domestic market.

Arrival of soyabean in Madhya Pradesh remained negligible.

Related Topics