Commodities

Edible oils slip on slack offtake

Our Correspondent Mumbai | Updated on January 28, 2014 Published on January 28, 2014

edible.jpg

Baring palmolein, which rose by ₹1, all other edible oils declined on Tuesday. Soyabean and rapeseed oil lost ₹2 each, cotton and sunflower oil declined by ₹5 for 10 kg each. Groundnut oil ruled steady. In absence of demand due to month-end, the volume remained thin and isolated. Sources said that in Mumbai, thin volatility and slack physical demand kept activities dull during the day. A few resellers offloaded limited quantity of palmolein at ₹570-574 in isolated trades.

Towards the day’s close, Liberty was quoting palmolein at ₹582, super palmolein ₹602, super deluxe palmolein ₹622 and soyabean refined oil ₹655. Ruchi quoted palmolein ₹580, soyabean refined oil ₹648 and sunflower refined oil ₹665. Allana was quoting palmolein ₹580, soyabean refined oil ₹650 and sunflower refined oil ₹670. Resellers were quoting palmolein at ₹570 ex-JNPT.

Malaysia crude palm oil February contracts settled lower at MYR 2,520 (MYR 2545), March at MYR 2525 (MYR 2550) and April at MYR 2529 (MYR 2556).

Published on January 28, 2014
This article is closed for comments.
Please Email the Editor