MARKET DEVELOPMENT
Edible Oils in Bull Grip
Edible Oils in Bull Grip
21/04/2016 (Hindu Business Line) - Edible oils continued their uptrend tracking firm futures amid higher demand. Malaysian palm oil closed higher for the second consecutive day along with bullish Chicago soya oil futures. Sources said bullish overseas market continued to support domestic market and local refineries are continuously raising rates. Stockists are also covering good quality material.
Liberty was quoting palmolein at ₹611, super palmolein ₹621, soyabean refined oil ₹660. Ruchi’s rates: palmolein ₹616, soyabean refined oil ₹652, sunflower refined oil ₹750. BCE spot rates (₹/10 kg) groundnut oil 1,120 (1,090), soya ref. 650 (640), sunflower exp. ref. 690 (685), sunflower ref. 755 (750), rapeseed ref. 870 (870), rapeseed exp. ref. 840 (840), cottonseed ref. 664 (661) and palmolein 602 (588)
Liberty was quoting palmolein at ₹611, super palmolein ₹621, soyabean refined oil ₹660. Ruchi’s rates: palmolein ₹616, soyabean refined oil ₹652, sunflower refined oil ₹750. BCE spot rates (₹/10 kg) groundnut oil 1,120 (1,090), soya ref. 650 (640), sunflower exp. ref. 690 (685), sunflower ref. 755 (750), rapeseed ref. 870 (870), rapeseed exp. ref. 840 (840), cottonseed ref. 664 (661) and palmolein 602 (588)