Edible oils turn hot on demand

Our Correspondent Mumbai | Updated on January 20, 2018 Published on March 22, 2016

Edible oils prices moved up on higher local demand amid bullish futures. On the BCE, groundnut and rapeseed oil jumped by ₹10 per 10 kg each. Palmolein was up ₹5 and cotton refined oil by ₹2. Local refineries raised their rates by ₹5-10 tracking firm overseas markets and weak rupee which made imports costlier. Liberty was quoting palmolein at ₹570, super palmolein ₹580, soyabean refined oil ₹627. Allana traded palmolein for ₹572, soya refined oil ₹632 and sunflower refined oil ₹735. In Saurashtra/Rajkot, groundnut oil telia was steady at ₹1,530 and loose (10 kg) ₹975.

Published on March 22, 2016
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