Commodities

Edible oils in bear grip

Our Correspondent Mumbai | Updated on January 24, 2018 Published on June 12, 2015

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Weak rupee and bearish overseas futures kept edible oils markets calm and steady. On reports of increase in exports tax by Indonesia, stockists came forward with fresh orders which lifted domestic soya oil futures. On the Bombay Commodity Exchange, imported palmolein and soya oil declined by ₹2 and ₹5 for 10 kg each.

Liberty was quoting palmolein at ₹511 JNPT, super palmolein ₹535 and soyabean refined oil ₹600. Ruchi traded palmolein for ₹505 JNPT, soyabean refined oil ₹590, sunflower refined oil ₹695. Allana’s rates: palmolein ₹511, super palmolein ₹535, soyabean refined oil ₹600 and sunflower oil ₹705. In Saurashtra-Rajkot, groundnut oil Telia tin was steady at ₹1,560 and loose (10 kg) at ₹1,000.

BCE spot rates (₹/10 kg): groundnut oil up at 960 (960), soya ref. 590 (595), sunflower exp. ref. 640 (640), sunflower ref. 695 (695), rapeseed ref. oil 880 (880), rapeseed exp. ref. 850 (850), cottonseed ref. oil 608 (608) and palmolein 504 (506).

Published on June 12, 2015
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