Edible oils market ruled weak on Tuesday tracking weak futures amid slack ready demand. Speculative buying in soya oil for November kept volume normal. Bearish Malaysian palm oil and Chicago soya oil projection kept NCDEX soya oil down by ₹2-3 till evening. On BCE palmolein lose by ₹1 and cotton oil gain by ₹10. Other remained steady. Higher reselling pressure kept morale weak said sources. Sources said tracking bearish foreign markets stockiest stay away from fresh bulk buys. During the day about 550 tonnes palmolein bought by stockiest at ₹592-598 for ready to October. Allana sold about 1500 tonnes of soyabean refined oil at ₹645 for November on speculative buying support. Liberty: Palmolein Ex Shapur ₹618 for 31 October. Super palmolein ₹640 up to 31October. Allana: Palmolein Ex Khapoli ₹615 for 23 October-15 November. Soya refined oil ₹675 for 15 October- 15 November. Sunflower refined oil ₹695 up to 15 November.

Ruchi : Palmolein ex Patalganga ₹602 for 20-30 October,₹603for 1-10 November.

Golden agri: Palmolein ex JNPT ₹595 for October.

At Rajkot : groundnut oil Telia Tin increase to ₹1,380 (1,370) and Loose (10 kg) was at ₹850 (₹850).

Malaysian crude palm oil, October- 17 futures settled at MYR 2,710 (MYR 2,739) and November -17 ended at MYR2,694 (MYR 2,738).

On NCDEX: Soyabean refined oil October-17 futures was lower at ₹656.70 (₹659.85) and November-17 was at ₹663.00 (₹664.00).

On BCE spot rates (₹/10 kg) were: groundnut oil 880 (880), soya refined oil 657 (657), sunflower exp. ref. 625 (625), sunflower ref. 688 (688), rapeseed ref. oil 780 (780), rapeseed expeller ref. 750 (750), cottonseed ref. oil 680 (670) and Palmolein 595 (596).

Related Topics
comment COMMENT NOW