Agri Business

Bullish signals hold edible oils firm

| | Updated on: Oct 12, 2015

Edible oils market ruled firm tracking rebound in futures, higher spot demand amid less-than-expected new crop arrivals. On the BCE, indigenous groundnut and rapeseed oil jumped by ₹20 and ₹25 for 10 kg each. Higher closing of Malaysian palm oil futures lifted imported palmolein and soya oil by ₹4 and ₹1 each. Sunflower and cotton oil ruled steady. Vikram Global Commodities quoted Malaysian super palmolein ₹535. Liberty was quoting palmolein at ₹498, super palmolein ₹528 and soyabean refined oil ₹607. Ruchi’s rates: palmolein ₹495, soyabean refined oil ₹600 and sunflower refined oil ₹765. Allana traded palmolein ₹495, super palmolein ₹530, soya refined oil ₹600 and sunflower oil ₹765.

In Saurashtra-Rajkot, groundnut oil telia declined by ₹15 to ₹1,545 and loose (10 kg) was at ₹990 (1,000).

BCE spot rates (₹/10 kg): groundnut oil 980 (960), soya ref. 603 (602), sunflower exp. ref. 680 (680), sunflower ref. 760 (760), rapeseed ref. oil 930 (905), rapeseed exp. ref. 900 (875), cottonseed ref. oil 630 (631) and palmolein 487 (483).

Published on January 22, 2018

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