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Soya refined oil gains despite tepid demand.

Business Line

| May 27, 2011 | COPYRIGHT 1999 Kasturi & Sons Ltd. (Hide copyright information)Copyright

Byline: Our Correspondent

Trading in soya refined in the local mandis, by and large, remained subdued on scattered demand from Nagpur in Maharashtra and Gujarat, unlike Wednesday which saw a boil in soya oil prices on strong global cues and improved dollar rates.

However, soya refined gained in local mandis on improved global cues and rise in demand at lower rate on Thursday.

On Thursday, with Malaysian palm oil futures improving, soya refined further gained in the physical market and was quoted higher by Rs 4-5 at Rs 612-615 for 10 kg. As compared to soya solvent, demand in soya refined remained restricted to Maharashtra and Gujarat. On the …

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