Comments
Edible oils market ruled weak tracking bearish overseas futures amid slack physical demand. On the BCE, palmolein and soya oil declined by ₹2 and ₹5 for 10 kg each. Improved arrivals of indigenous oils pulled down groundnut and cotton oil by ₹5 and ₹3 each. Activities were limited as stockists stayed away from fresh bet. Vikram global commodities quoted Malaysian super palmolein at ₹497. Liberty’s rates: palmolein ₹465-JNPT, super palmolein ₹495, soyabean refined oil ₹600. Ruchi was quoting palmolein for ₹465, soyabean refined oil ₹591 and sunflower refined oil ₹731. Allana traded palmolein at ₹466, soya refined oil ₹595 and sunflower oil ₹725. In Saurashtra-Rajkot, groundnut oil telia tin was steady at ₹1,310 and loose (10 kg) at ₹835.
BCE spot rates (₹/10 kg): groundnut oil 855 (860), soya ref. oil 590 (595), sunflower exp. ref. 655 (655), sunflower ref. 725 (725), rapeseed ref. oil 1,020 (1,020), rapeseed exp. ref. 990 (990), cottonseed ref. oil 577 (580) and palmolein 463 (465).
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.