Agri Business

Weaker cues drag edible oils

Our Correspondent Mumbai | Updated on January 23, 2018 Published on May 19, 2015

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Sentiment in domestic edible oils market remained weak on Tuesday tracking continuous decline in overseas markets amid need-based physical demand. On the Bombay Commodity Exchange, imported palmolein and soya oil declined by ₹2 and ₹4/10 kg each. Cotton oil lost ₹4. Liberty was quoting palmolein at ₹500 JNPT, super palmolein ₹538, soyabean refined oil ₹605. Ruchi’s rates: palmolein ₹498, soyabean refined oil ₹600, sunflower refined oil ₹700. Allana traded palmolein for ₹499 JNPT, super palmolein ₹535, soyabean refined oil ₹595, sunflower oil ₹705. In Saurashtra-Rajkot, groundnut oil Telia tin was steady at ₹1,510 and loose (10 kg) at ₹950.

BCE spot rates (₹/10 kg): groundnut oil 940 (940), soya refined oil 600 (604), sunflower exp. ref. 645 (645), sunflower ref. 700 (700), rapeseed ref. oil 780(780), rapeseed exp. ref. 750 (750), cottonseed ref. oil 608 (612) and palmolein 495 (497).

Published on May 19, 2015
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