Agri Business

Duty hike talks lift edible oils

Our Correspondent Mumbai | Updated on February 19, 2018 Published on February 19, 2018

Edible oils market ruled firm on expectation of import duty hike amid firm futures. On the BCE, palmolein and cotton refined oil rose by ₹5 per 10 kg each. Soya oil gained ₹2. Others were steady. During the day Allana and Golden agri both sold about 650 – 700 tonnes palmolein at ₹648-650 for March. Resellers sold about 450 – 500 tonnes palmolein at ₹638-642 for February. Demand for other oils was missing.

Liberty: Palmolein Ex Shapur ₹665 for 10 March. Super palmolein ₹690 for 10 March and Sunflower refined oil ₹730 for 10 March.

Allana: Palmolein Ex Khapoli ₹660 for March. Soya refined oil ₹745 for March. Sunflower refined oil ₹740 for March.

Ruchi: Soya oil ₹730 for February and Sunflower refi.oil ₹723 for February.

Golden agri: Palmolein ₹648 for 1-15 March.

At Rajkot, groundnut oil telia tin was flat at ₹1,320 and loose (10 kg) was ₹830 (₹825).

BCE spot rates (₹/10 kg): groundnut oil 860 (860), soya ref. 727 (725), sunflower exp. ref. 665 (665), sunflower ref. 720 (720), rapeseed ref. 770 (770), rapeseed exp. ref. 740 (740), cottonseed ref. 722 (717) and palmolein 639 (634).

Published on February 19, 2018
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