Bullish cues heat up edible oils

Updated - January 23, 2018 at 10:42 PM.

A bottle of corn-based cooking oil with a label falsely claiming that it can cure diseases, in Jinan, China, Oct. 31, 2016. Consumer protection laws in China are part of a growing effort to weed out the fake clothes, electronics, food and furniture that swamp its stores and frustrate companies and consumers alike. (Gilles Sabrie/The New York Times

Bullish overseas markets lifted edible oils prices in domestic market on Tuesday. On the Bombay Commodity Exchange, cotton, sunflower and rapeseed oil rose by ₹2, ₹2 and ₹10 per 10 kg each. Groundnut oil lost ₹10. Local refineries kept their rates unchanged. Liberty traded palmolein at ₹635, super palmolein ₹655. Ruchi’s rates: soya oil ₹718 and sunflower refined oil ₹713. At Rajkot, groundnut oil telia tin further dropped by ₹30 to ₹1,370 and loose (10 kg) dropped by ₹20 to ₹860.

Published on January 23, 2018 17:12