Edible oils rise on firmer cues

Our Bureau | | Updated on: Apr 20, 2018

In the edible oils market, palmolein rose by ₹2 per 10 kg on Friday tracking firm Malaysian futures amid strong dollar making imports costlier. Groundnut and rapeseed oil increased by ₹10 and ₹5 each. Indigenous oils rose on expectation of higher demand and eased arrivals of seeds for crushing. During the day, Emami sold about 1,000 tonnes of palmolein at ₹720.50. Resellers offloaded about 500 tonnes of palmolein at ₹718-723 and about 50 tonnes of sunflower refined oil at ₹760. At Rajkot, groundnut oil telia tin rose to ₹1,330 (1,310) and loose (10 kg) was up at ₹820 (810). BCE spot rates (₹/10 kg): groundnut oil 870 (860), soya ref. 765 (765), sunflower exp. ref. 700 (700), sunflower ref. 760 (760), rapeseed ref. 790 (785), rapeseed exp. ref. 760 (755), cottonseed ref. 770 (770) and palmolein 720 (718).

Published on April 20, 2018
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