MARKET DEVELOPMENT
Edible Oils in Steady Trend
Edible Oils in Steady Trend
04/05/2017 (Hindu Business Line) - Edible oils witnessed steady trend on Wednesday amid slack physical demand. On BCE prices of all edible oils rule unchanged. Bearish Malaysian palm oil futures kept domestic NCDEX soya oil futures also weak.
On National Commodities and Derivatives Exchange, Soyabean refined oil May-17 futures decline to₹612.35(₹612.60) and June-17 decreased to ₹613.40(₹614.45).Malaysian crude palm oil May-17 futures close lower at MYR 2706 (MYR 2730) and June-17 ended at MYR2605 (MYR 2634).
On The Bombay Commodity Exchange spot rates (₹/10 kg) were: groundnut oil 1040 (1040), soya refined oil 605(605), sunflower exp. ref. 580(580), sunflower ref. 650(650), rapeseed ref. oil 740(740), rapeseed expeller ref. 710(710), cottonseed ref. oil 620(620) and Palmolein 542(542).
On National Commodities and Derivatives Exchange, Soyabean refined oil May-17 futures decline to₹612.35(₹612.60) and June-17 decreased to ₹613.40(₹614.45).Malaysian crude palm oil May-17 futures close lower at MYR 2706 (MYR 2730) and June-17 ended at MYR2605 (MYR 2634).
On The Bombay Commodity Exchange spot rates (₹/10 kg) were: groundnut oil 1040 (1040), soya refined oil 605(605), sunflower exp. ref. 580(580), sunflower ref. 650(650), rapeseed ref. oil 740(740), rapeseed expeller ref. 710(710), cottonseed ref. oil 620(620) and Palmolein 542(542).