Weak buying support at higher rate kept soya oil on leash, though soya refined gained marginally on scattered demand. Decline in demand for cotton and palm oils due to cold weather condition, marginally lifted demand in soya refined which on Monday ruled at Rs 700-705 for 10 kg ( Rs 695-98).
Soya solvent ruled flat at Rs 664-68. The National Board of Trade here witnessed a second cut of the month at Rs 736.20.
On the NCDEX, however, soya oil traded higher on strong global cues and improved buying support with its January and February contracts closing at Rs 732.10 (up Rs 3.70) and Rs 705.50 for 10 kg (up Rs 4.15).
With local mandis remaining closed on account of ‘Makar Sankranti’, soya seeds in private trading ruled marginally higher at Rs 3,200-3,250 amid neglible arrival.
There was a decline in demand in soyameal that is ruling at Rs 26,000-26,500, while at the port, it was quoted at Rs 28,000.
Plant deliveries in soyabean on Monday were quoted at Rs 3,225-50 up Rs 50 from last week.
On the NCDEX, soyabean traded higher on improved buying support with its January and February contracts closing at Rs 3,192 (up Rs 65.50) and Rs 3,165.50 (up Rs 20).