MARKET DEVELOPMENT
Edible Oils Rule Steady
Edible Oils Rule Steady
09/05/2017 (Hindu Business Line) - Edible oils market rule on Monday tracking firm futures, higher physical demand amid increase volume.
Liberty’s rates for Palmolein Ex STC/Shapur were ₹558/559 for May. Super palmolein at ₹579 for May and Soyabean refined oil ex Shapur ₹635 for May. Ruchi’s rate for Soyabean refined oil ₹625 for 31 May and Sunflower oil ₹665 for 31 May. Allana’s ratesfor Palmolein were was ₹557 / 560 ex Khapoli / IVP for 1-15 June. Soya refined oil ₹630 for 1-15 June. Sunflower refined oil ₹665 for 15 June.
At Rajkot, groundnut oil Telia tin declined by ₹20 to 1,520 (1,540) and Loose (10 kgs) at ₹970 (980). Groundnut arrivals in Rajkot and Gondal yards were about 12,000-14,000 bags and its prices were ₹740-870 for 20 kgs.On National Commodities and Derivatives ExchangeSoyabean refined oil May-17 futures was ₹624.45 (623.95) and June-17 increase to ₹627.50 (627.30). Malaysian crude palm oil May-17 futures settled higher at MYR 2,800 (MYR 2,775) and June-17 ended at MYR2,695 (MYR 2,674). On The Bombay Commodity Exchange spot rates (₹/10 kg) were: groundnut oil 1,020 (1,025), soya refined oil 612 (610), sunflower exp. ref. 585 (588), sunflower ref. 655 (650), rapeseed ref. oil 730 (730), rapeseed expeller ref. 700 (700), cottonseed ref. oil 625 (620) and Palmolein 554 (548).
Liberty’s rates for Palmolein Ex STC/Shapur were ₹558/559 for May. Super palmolein at ₹579 for May and Soyabean refined oil ex Shapur ₹635 for May. Ruchi’s rate for Soyabean refined oil ₹625 for 31 May and Sunflower oil ₹665 for 31 May. Allana’s ratesfor Palmolein were was ₹557 / 560 ex Khapoli / IVP for 1-15 June. Soya refined oil ₹630 for 1-15 June. Sunflower refined oil ₹665 for 15 June.
At Rajkot, groundnut oil Telia tin declined by ₹20 to 1,520 (1,540) and Loose (10 kgs) at ₹970 (980). Groundnut arrivals in Rajkot and Gondal yards were about 12,000-14,000 bags and its prices were ₹740-870 for 20 kgs.On National Commodities and Derivatives ExchangeSoyabean refined oil May-17 futures was ₹624.45 (623.95) and June-17 increase to ₹627.50 (627.30). Malaysian crude palm oil May-17 futures settled higher at MYR 2,800 (MYR 2,775) and June-17 ended at MYR2,695 (MYR 2,674). On The Bombay Commodity Exchange spot rates (₹/10 kg) were: groundnut oil 1,020 (1,025), soya refined oil 612 (610), sunflower exp. ref. 585 (588), sunflower ref. 655 (650), rapeseed ref. oil 730 (730), rapeseed expeller ref. 700 (700), cottonseed ref. oil 625 (620) and Palmolein 554 (548).