Imported oils ignore positive Malaysian cues

Our Correspondent Mumbai | Updated on October 11, 2011



Indigenous sunflower and rapeseed oils remained unchanged for the second consecutive day on Tuesday. On the other hand, imported palmolein and soya refined oil declined by Rs 2 for 10 kg.

Crude palm oil (CPO) futures were up on Bursa Malaysia Derivatives (BMD), following other agri-commodities. Resellers sold 130-150 tonnes of palmolein at Rs 517-518. Liberty offered palmolein at Rs 519 and soya refined oil at Rs 611. Ruchi quoted palmolein at Rs 519 and soya refined oil at Rs 610.

Malaysia's BMD CPO's November contracts settled higher at MYR2,800 (MYR2,798), December at MYR2,801 (MYR2,793) and January at MYR2,813 (MYR2,804) a tonne. Soya oil for October delivery closed at Rs 617.20 (Rs 618) on National Board of Trade in Indore and at Rs 589.70 (Rs 589) for November delivery.

Bombay Commodity Exchange spot rates (Rs/10 kg): groundnut oil 910 (910), soya refined oil 609 (611), sunflower exp. ref. 655 (655), sunflower ref. 720 (720), rapeseed ref. oil 680 (680), rapeseed expeller ref. 650 (650), cotton ref. oil 634 (630) and palmolein 517 (519).

Published on October 11, 2011

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