Under current in edible oils market remained firm on Monday despite ease month end physical demand. Sources said as physical demand remained thin and isolated. Stockiest preferred to fulfill old commitments as supply of imported oils remained sufficient. Re- entry of monsoon rain in major producing states Northen states, Maharashtra, Gujarat and Madhya Pradesh has increased the prospects for Kharif crops. However as per agriculture ministry till last week area under oilseeds crops was down by 10.13 percent to 157.36 lh (last year 175.10 lh).

A leading broker said in absence of active buying during the day about 350 – 400 tonnes palmolein was resold at Rs ₹563-565. Demand for other oils was lacking. Liberty ’s rates for Palmolein ex JNPT was ₹572 for 1-15 September. Ex STC / Shapur were ₹574 / 575 for 25 August-15 September. Super palmolein ₹595 for 25 August-15 September. Allana’s ratesfor Palmolein were ex Khapoli / IVP ₹575/ 578 for September.

Soya refined oil Rs ₹665 for August / September. Sunflower refined oil Rs ₹685 for August / September.Golden Agri’s rate for palmolein was ₹570 for 20 September. Emami quoted palmolein at ₹570 for August. At Rajkot, groundnut oil eases by ₹10 to 1,310 (₹1,320) for Telia tin and for Loose (10 kg) fell to ₹820 (825). Malaysian crude palm oil September-17 futures closed higher at MYR 2,703 (MYR 2,675) and October -17 ended up at MYR2,704 (MYR 2,673). On National Commodities and Derivatives Exchange Soyabean refined oil September-17 futures increased to Rs ₹658.35 (656.85) and October-17 was at Rs ₹668.00 (666.00). n The Bombay Commodity Exchange spot rates (₹/10 kg) were: groundnut oil 860 (855), soya refined oil 650 (650), sunflower exp. ref. 620 (610), sunflower ref. 680 (675), rapeseed ref. oil 810 (810), rapeseed expeller ref. 780 (780), cottonseed ref. oil 685 (687) and Palmolein 564 (564).

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