MARKET DEVELOPMENT
Currency Volatility Keeps off Edible Oil Stockists
Currency Volatility Keeps off Edible Oil Stockists
31/10/2014 (Hindu Business Line)- The edible oils market continued to see an uptrendon Thursday, despite lower volume, tracking firm futures.
Higher volatility in the currency market and overseas palm-soya complex along with profit-booking in domestic soya oil futures kept stockists away.
On the Bombay Commodity Exchange, palmolein, sunflower expeller refined and cotton refined oil rose by ₹4, ₹10 and ₹6 for 10 kg each. Liberty was quoting palmolein at ₹512-514, super palmolein at ₹540 and soyabean refined oil at ₹615.
Allana was quoting palmolein at ₹520, super palmolein at ₹545, soyabean refined oil at ₹620 and sunflower oil at ₹630.
In Saurashtra – Rajkot Groundnut oil Telia tin was ₹1,335 (₹1,340) and loose (10-kg) was ₹850 (₹850).
BCE spot rates (₹/10 kg): groundnut oil 880 (880), soya refined oil 605 (605), sunflower ref. 620 (620), rapeseed expeller ref. 695 (695) and palmolein 506 (502).
Higher volatility in the currency market and overseas palm-soya complex along with profit-booking in domestic soya oil futures kept stockists away.
On the Bombay Commodity Exchange, palmolein, sunflower expeller refined and cotton refined oil rose by ₹4, ₹10 and ₹6 for 10 kg each. Liberty was quoting palmolein at ₹512-514, super palmolein at ₹540 and soyabean refined oil at ₹615.
Allana was quoting palmolein at ₹520, super palmolein at ₹545, soyabean refined oil at ₹620 and sunflower oil at ₹630.
In Saurashtra – Rajkot Groundnut oil Telia tin was ₹1,335 (₹1,340) and loose (10-kg) was ₹850 (₹850).
BCE spot rates (₹/10 kg): groundnut oil 880 (880), soya refined oil 605 (605), sunflower ref. 620 (620), rapeseed expeller ref. 695 (695) and palmolein 506 (502).