MARKET DEVELOPMENT
Edible Oils Steady in Muted Trade
Edible Oils Steady in Muted Trade
27/12/2016 (Hindu Business Line) - Edible oils market ruled steady in absence of cues from overseas as the markets (Malaysian palm oil and Chicago soya oil) were closed.
On the BCE, sunflower and cotton oil declined by ₹5 per 10 kg each.
Rapeseed oil was down ₹10 and palmolein by ₹2. Higher crushing activities and improved arrivals of indigenous seeds kept stockists away.
Liberty’s rates: palmolein ₹613, super palmolein ₹638 and soyabean refined oil ₹725. Golden agri and Emami quoted palmolein at ₹615.
At Rajkot, groundnut oil telia tin ruled steady at ₹1,480 and loose (10 kg) was at ₹940.
On the BCE, sunflower and cotton oil declined by ₹5 per 10 kg each.
Rapeseed oil was down ₹10 and palmolein by ₹2. Higher crushing activities and improved arrivals of indigenous seeds kept stockists away.
Liberty’s rates: palmolein ₹613, super palmolein ₹638 and soyabean refined oil ₹725. Golden agri and Emami quoted palmolein at ₹615.
At Rajkot, groundnut oil telia tin ruled steady at ₹1,480 and loose (10 kg) was at ₹940.