Commodities

Edible oil turns firm

Our Correspondent Mumbai | Updated on January 22, 2018 Published on January 22, 2018


The undercurrent in edible oils market turned firm tracking a rebound in Malaysian palm oil and Chicago soya oil futures. During the day about 500 tonnes of palmolein and little quantity of Soyabean refined oil was bought by stockiest in the markets. Liberty: Palmolein Ex Shapur ₹635 for 15 February. Super palmolein ₹655 for 15 February. Allana: Palmolein Ex Khapoli ₹635 for 15 February. Soya refined oil ₹735 for 15 February. Sunflower refined oil ₹720 for 15 February. Ruchi: Soya oil ₹718 for 30 January and Sunflower refi.oil ₹713 for 30 January. Golden agri: Palmolein ₹619 for January ₹622 for 1-15 February and ₹625 for 15-28 February. At Rajkot: groundnut oil Telia Tin decrease by ₹40 to ₹1,400 (₹1,440) and Loose (10 kg) dropped by ₹30 to ₹880 ( ₹910). Malaysian crude palm oil, February-18 futures settled higher at MYR 2,465 (MYR 2,435) and March-18 at MYR2,473 (MYR 2,444). On NCDEX: Soyabean refined oil February-18 was ₹739.40 (₹734.25) and March-18 was up at ₹735.45 (₹729.95) till evening. On BCE spot rates (₹/10 kg) were: groundnut oil 920 (925), soya refined oil 715 (715), sunflower exp. ref. 655 (655), sunflower ref. 708 (708), rapeseed ref. oil 780 (780), rapeseed expeller ref. 750 (750), cottonseed ref. oil 698 (695) and Palmolein 620 (617).

Published on January 22, 2018
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