Mixed Trend in Edible Oils
02/09/2016 (Hindu Business Line) - Edible oils witnessed a mixed trend in domestic and overseas futures, while it remained bearish in spot market. Malaysian palm oil futures closed lower and Chicago projection was also bearish but at domestic level it ruled firm due to hike in import tariff. Liberty was quoting palmolein at ₹625, super palmolein ₹645. Ruchi’s rates: soyabean refined oil ₹645,sunflower refined oil ₹725. Golden Agri traded palmolein for ₹620. At Rajkot, groundnut oil telia tin dropped to ₹2,100 (2,150) and loose (10 kg) eased to ₹1,350 (1,390). BCE spot rates (₹/10 kg): groundnut oil 1,390 (1,400), soya ref. 635 (640), sunflower exp. ref. 660 (660), sunflower ref. 725 (725), rapeseed ref. 890 (895), rapeseed exp. ref. 860 (865), cottonseed ref. 705 (708) and palmolein 615 (615).