Cooking oils slip on weak buying

Our Correspondent Mumbai | Updated on January 12, 2018 Published on January 12, 2017

Vegetable cooking oil is displayed in a pitcher for a photograph in Tiskilwa, Illinois, U.S., on Saturday, April 16, 2011. At a time when consumers are focused on near-record food costs after grain and meat prices surged, stockpiles of edible oils needed to make everything from noodles to fish sticks are dropping to a three-decade low. Photographer: Daniel Acker/Bloomberg

Edible oils witnessed a slightly weak trend as physical demand was low amid bearish overseas futures. On the BCE, groundnut further declined by ₹20 per 10 kg. Soyabean and cotton oil lost ₹5 each.

Palmolein was up ₹1. Liberty’s rates: palmolein ₹635, super palmolein ₹656 and soyabean refined oil ₹730. Ruchi traded sunflower oil for ₹710. Allana’srates:palmolein ₹635, soya refined oil ₹725, sunflower refined oil ₹715. At Rajkot, groundnut oil telia tin declined to ₹1,465 (1,480) and loose (10 kg) was at ₹940 (930).

Published on January 12, 2017
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