Agri Business

Weak futures drag edible oils

Our Correspondent Mumbai | Updated on November 27, 2014 Published on November 27, 2014




Sentiment in the edible oils remained bearish on Thursday tracking weak futures amid lack of physical demand. Lower closing of Malaysian palm oil pulled down imported palmolein and soyabean oil by ₹3 and ₹5 for 10 kg each on the Bombay Commodity Exchange. Vikram Global Commodities (P) Ltd quoted ₹535 for Malaysian super palm December delivery. Liberty was quoting palmolein at ₹495/497, super palmolein ₹525 and soyabean refined oil ₹595. Ruchi traded palmolein for ₹495, soyabean refined oil ₹590 and sunflower refined oil ₹650. Allana was quoting palmolein at ₹500, super palmolein ₹525, soyabean refined oil ₹610 and sunflower oil ₹655.

In Saurashtra-Rajkot, groundnut oil Telia tin declined to ₹1,300 (1,330) and loose (10 kg) dropped to ₹830 (850).

BCE spot rates (₹/10 kg): groundnut oil 830 (850), soya refined oil 585 (590), sunflower exp. ref. 575 (570), sunflower ref. 635 (625), rapeseed ref. oil 730 (730), rapeseed expeller ref. 700 (700), cottonseed ref. oil 575 (577) and palmolein 495 (498).

Published on November 27, 2014
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