PALM NEWS MALAYSIAN PALM OIL BOARD Tuesday, 07 Apr 2026

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MARKET DEVELOPMENT
Bullish Cues Heat up Edible Oils
calendar22-04-2016 | linkHindu Business Line | Share This Post:

22/04/2016 (Hindu Business Line) - Edible oils prices continued their bullish trend on back of higher physical demand amid firm futures led by overseas markets. Malaysian palm oil futures closed higher for third consecutive day lifting NCDEX soya oil futures by ₹10/11 till evening. On the BCE, barring cotton oil, all other edible oils rose in the range of ₹5-10, while groundnut oil flared up by ₹30. Local refineries continued offering at higher rates. Stockists continued to give fresh orders. At Rajkot, groundnut oil Telia tin jumped by ₹40 to ₹1,800 and loose (10 kg) by ₹25 to ₹1,150. BCE spot rates (₹/10 kg): groundnut oil 1,150 (1,120), soya ref. 657(650), sunflower exp. ref. 690 (690), sunflower ref. 760 (755), rapeseed ref. 880 (870), rapeseed exp. ref. 850 (840), cottonseed ref. 664 (664) and palmolein 603 (602).