Comments
Edible oils extended their loss in domestic and overseas futures markets amid lack of demand.
In the domestic market, soya oil for delivery in February declined by over ₹5 on the NCDEX. In the last nine sessions, the oil has lost ₹24. Sources said groundnut and sunflower oils declined by ₹10 and ₹5 each on the Bombay Commodity Exchange. Foreign markets dragged palmolein and soya oil by ₹2 and ₹5 each in Mumbai as local refineries/ resellers offered at lower rates but buying interest was lacking. Demand from local retailers was poor as the month-end is approaching. Vikram Global Commodities (P) Ltd quoted ₹545 for Malaysian super palm January delivery. Liberty was quoting palmolein at ₹505-507 for February 15 and super palmolein at ₹527 for February 15.
Ruchi was quoting palmolein ₹505 for January, ₹508 for February and ₹511 for March. Soyabean refined oil ₹645 for January-February. Sunflower refined oil ₹650 for February.
Allana was quoting palmolein ₹505 for January end and ₹517 for February, soyabean refined oil ₹645 for February. Sunflower oil was quoted ₹655 for February.
In Saurashtra – Rajkot Groundnut oil telia tin declined to ₹1,560 (₹1,580) and loose (10 kg) dropped to ₹1,000 (₹1,010).
On The Bombay Commodity Exchange spot rates (₹/10 kg) were: groundnut oil ₹1,000 (₹1,010), soya refined oil ₹645 (₹650), sunflower exp. ref. ₹615 (₹620), sunflower ref. ₹650 (₹655), rapeseed ref. oil ₹780 (₹780), rapeseed expeller ref. ₹750 (₹750) cottonseed ref. oil ₹585 (₹585) and palmolein ₹503 (₹505).
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.