Exports of soybean from Paraguay are expected to be 6.1 million mt in 2018, according to USDA figures, up 200,000 mt on a previous estimate on the expectation of aggressive buying in Argentina.
Mustard oil softens on subdued local demand
In restricted activities, mustard oil prices drifted lower by Rs 50 per quintal owing to sluggish local demand. However, other edible and non-edible oils moved in a narrow range in scattered deals and settled around overnight levels. Sluggish local demand against ample stocks position, mainly weighed on mustard oil prices.