Bullish cues lift edible oils

Our Correspondent Mumbai | Updated on January 24, 2018

Extended gain in overseas markets kept domestic edible oils market firm on Wednesday despite limited volume. Malaysian palm oil and Chicago soya oil futures show firm trend for the third consecutive day. On the BCE, palmolein jumped by ₹7 and sunflower oil by ₹2 per 10 kg each. Other edible oils were steady.

Sources said seeing ease demand local refineries have kept their rates steady. During the day Allana and Golden agri both sold about 950-1,000 tonnes palmolein at ₹630-632 for Feb. In ready – weekly, about 350-400 tonnes palmolein was resold at ₹622-627. Barring that there were no activities sources added.

Liberty: Palmolein Ex Shapur ₹635 for 15 Feb, Super palmolein ₹655 for 15 Feb.

Allana: Palmolein Ex Khapoli ₹640, Soya refined oil ₹735 for Feb, Sunflower refined oil ₹720 for 15 Feb.

Ruchi: Soya oil ₹718 for 30 Jan and Sunflower refined oil ₹713 for 30 Jan.

Golden agri: Palmolein ₹630 for 15 Feb and ₹633 for 16-28 Feb.

At Rajkot: groundnut oil Telia tin was at ₹1,380 (1,370) and loose (10 kg) increased to ₹870 (860).

BCE spot rates (₹/10 kg) were: groundnut oil 910 (910), soya refined oil 715 (715), sunflower exp. ref. 655 (657), sunflower ref. 710 (708), rapeseed ref. oil 790 (790), rapeseed expeller ref. 760 (760), cottonseed ref. oil 700 (700) and Palmolein 627 (620).

Published on January 24, 2018

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