Commodities

Stockist buying heats up edible oils

Our Correspondent Mumbai | Updated on October 28, 2013 Published on October 28, 2013




Edible oils prices ruled firm on Monday, tracking a rebound in Malaysian palm oil and sharp jump in domestic soya oil futures. Local stockists have again entered the market and bought about 2,500 tonnes of edible oils .

On the Bombay Commodity Exchange, palmolein rose by Rs 2, while cotton refined oil and rapeseed oil declined by Rs 10 and Re 1 for 10 kg each. Groundnut, sunflower and soyabean refined oil ruled steady.

Towards the day’s close, Liberty was quoting palmolein at Rs 586, super palmolein Rs 620 and super deluxe Rs 640, soyabean refined oil Rs 710 and sunflower refined oil Rs 820. Ruchi quoted palmolein Rs 582 ex JNPT for November 5 and Rs 584 ex Patalganga for November 1-20, super palmolein Rs 616 for November 1-20, soyabean refined oil Rs 700 for October and sunflower refined oil Rs 750 for November 5-15. Allana was quoting palmolein at Rs 582-588, super palmolein Rs 615, soyabean refined oil Rs 710 and sunflower refined oil Rs 820. In Rajkot, groundnut oil ruled steady at Rs 1,320 for telia tin and loose (10 kg) at Rs 850.

Malaysia BMD crude palm oil’s November futures settled higher at MYR 2,480 (MYR 2,458), December at MYR 2,471 (MYR 2,445) and January at MYR 2,463 (MYR 2,444).

The Bombay Commodity Exchange spot rates (Rs/10 kg) were: groundnut oil 860 (860), soya refined oil 700 (700), sunflower exp. ref. 735 (735), sunflower ref. 790 (790), rapeseed ref. oil 750 (751), rapeseed expeller ref. 720 (721) cottonseed ref. oil 690 (700) and palmolein 578 (576).

Vikram Global Commodities (P) Ltd quoted Rs 651/10 kg for Malaysia super palmolein November delivery.

Published on October 28, 2013
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