Commodities

Edible oils in bear grip

Our Correspondent Mumbai | Updated on January 20, 2018 Published on April 25, 2016




Edible oils market witnessed bearish trend on slack demand amid weak futures. On the BCE, imported palmolein and soya refined oil declined by ₹4 and ₹5 per 10 kg tracking weak demand and price reduction by local refineries in line with declining overseas futures. Sunflower and cotton refined oil declined by ₹5 each.

Liberty was quoting palmolein at ₹615 and super palmolein ex JNPT ₹621, soyabean refined oil ex Shapur ₹670 up to May.

Ruchi was quoting Palmolein ex Patalganga ₹616 for 5 May and ex JNPT ₹610 for 10 May. Soyabean refined oil ₹655/₹660 for 30 April / 1-15 May. Sunflower refined oil ₹760 for 1-15 May.

Allana was quoting Ex Khopoli Palmolein ₹615 for 25 May and ex JNPT ₹612 for 10-25 May. Soya refined oil ₹667 for 25 May. Sunflower refi. oil ₹765 for 15 May – 10 June.

At Rajkot Groundnut oil Telia tin decline to ₹1810 (₹.1820) and Loose (10 kgs) decrease to ₹1150 (₹110).

On National Commodities and Derivatives Exchange soyabean refined oil May-16 futures decline to ₹666.25 (₹676.65) and June-16 decrease to ₹673.50 (681.75) at 5.45 PM.

Malaysian crude palm oil futures May - 16 decline to MYR2635 (MYR 2677) and June-16 decrease to MYR 2655 (MYR 2693).

On The Bombay Commodity Exchange spot rates (₹/10 kg) were: groundnut oil 1170 (1170), soya refined oil 655(660), sunflower exp. ref. 690 (695), sunflower ref. 755 (760), rapeseed ref. oil 900 (890), rapeseed expeller ref. 870 (860), cottonseed ref. oil 665 (670) and Palmolein 598 (602).

Published on April 25, 2016
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