Business Daily from THE HINDU group of publications
Saturday, Sep 22, 2007
ePaper
Business Daily from THE HINDU group of publications Saturday, Sep 22, 2007 ePaper |
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Agri-Biz & Commodities
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Commodity Markets Potato gains on demand Our Bureau Mumbai, Sept. 21 The domestic edible oil market remained firm on strong international trend and overall bullishness across asset classes. Refined palm oil was quoted at Rs. 454 per 10 kg, refined soya oil was quoted at Rs. 475 per 10 kg and sunflower oil was quoted at Rs. 575 per 10 kg. The market is now awaiting the outcome of the globe oil meet ongoing in the country, said a trader. In the international futures market soya oil on the Chicago Board of Trade reached its 23-year high and was trading at 40.00 cents per pound. Soya oil prices had peaked at 51.00 cents per pound in 1974. PotatoGood demand in the spot market and less arrival coupled with some speculative activity lead to higher prices in the futures exchanges. There is shortage in the market of good quality potatoes, which is leading traders to pay more premiums for good quality potatoes. Potato was traded at Rs 730 per quintal in the futures exchange in the country. Chana was traded at Rs 2,256 per quintal on the domestic bourses. More Stories on : Commodity Markets | Oilseeds & Edible Oil | Horticulture/Fruits & Vegetables
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