Comments
Edible oils ruled steady despite absence of demand as most markets remained closed for Janmashtami festival.
In Mumbai, palmolein gained Re 1 for 10 kg as selling by resellers eased. Groundnut oil declined by Rs 5 for 10 kg tracking a weak sentiment at producing centres. Rapeseed oil declined by Re 1 for 10 kg. Short-covering and US crop concerns boosted crude palm oil (CPO) futures on Bursa Malaysia Derivatives (BMD). Resellers quoted palmolein at Rs 552-553. Liberty offered palmolein at Rs 555, soya oil at Rs 637 and sunflower oil at Rs 700. Ruchi quoted palmolein at Rs 554, soya refined oil at Rs 634 and sunflower oil at Rs 700.
Malaysia's BMD CPO September contract closed at MYR3,125 (MYR3,115), October MYR3,056 (MYR3,035) and November MYR3,022 (MYR3,003) a tonne.
Mumbai Commodity Exchange spot prices (Rs/10 kg): groundnut oil 965 (970), soya refined oil 634 (634), sunflower exp ref. 660 (660), sunflower ref. 705 (705), rapeseed ref oil 691 (692), rapeseed expeller ref. 661 (662), cotton ref. oil 655 (655) and palmolein 554 (553).
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.