MARKET DEVELOPMENT
Bullish Cues Aid Edible Oils
Bullish Cues Aid Edible Oils
22/09/2015 (Hindu Business Line) - Firm sentiment continued in edible oils market tracking sharp jump in Malaysian palm oil futures. On the Bombay Commodity Exchange, sunflower refined oil and rapeseed oil rose by ₹10-15 per 10 kg each. Palmolein increased by ₹1. New crop arrival kept soyabean and cotton oil under pressure.
Liberty was quoting palmolein at ₹463, super palmolein ₹495 and soyabean refined oil ₹577. Ruchi’s rates: palmolein ₹458-460, soyabean refined oil ₹565 and sunflower refined oil ₹735. Allana traded palmolein at ₹457-460, super palmolein ₹495, soya refined oil ₹577 and sunflower oil ₹740. In Saurashtra-Rajkot, groundnut oil telia was steady at ₹1,720 and loose (10 kg) at ₹1,100.
BCE spot rates (₹/10 kg): groundnut oil 1,100 (1,100), soya ref. 565 (570), sunflower exp. ref. 665 (665), sunflower ref. 735 (725), rapeseed ref. oil 890 (875), rapeseed exp. ref. 860 (845), cottonseed ref. oil 623 (625) and palmolein 452 (451).
Liberty was quoting palmolein at ₹463, super palmolein ₹495 and soyabean refined oil ₹577. Ruchi’s rates: palmolein ₹458-460, soyabean refined oil ₹565 and sunflower refined oil ₹735. Allana traded palmolein at ₹457-460, super palmolein ₹495, soya refined oil ₹577 and sunflower oil ₹740. In Saurashtra-Rajkot, groundnut oil telia was steady at ₹1,720 and loose (10 kg) at ₹1,100.
BCE spot rates (₹/10 kg): groundnut oil 1,100 (1,100), soya ref. 565 (570), sunflower exp. ref. 665 (665), sunflower ref. 735 (725), rapeseed ref. oil 890 (875), rapeseed exp. ref. 860 (845), cottonseed ref. oil 623 (625) and palmolein 452 (451).