MARKET DEVELOPMENT
Firm Futures Heat up Edible Oils
Firm Futures Heat up Edible Oils
26/05/2017 (Hindu Business Line) - Under current in edible oils market remained positive on Thursday tracking firm futures amid routine demand.
Liberty’s rates for Palmolein Ex STC / Shapur were ₹574 / ₹575 for May. Super palmolein at ₹595 for May and Soyabean refined oil ex Shapur ₹645 for May. Allana’s ratesfor Palmolein were ex Khapoli / IVP ₹575 / ₹578 for 15-30 June. Soya refined oil ₹642 for June. Sunflower refined oil ₹675 up to June.
Golden Agri was quoting palmolein at ₹565 for 10 June. Parekh quoted soya ref. oil ₹640 for May and Sunflower refi. oil at ₹665 / ₹670 for May / June.
At Rajkot, groundnut oil Telia tin declined to ₹1,475 (1,500) and Loose (10 kg) to ₹925 (940).
On National Commodities and Derivatives Exchange Soyabean refined oil June -17 futures was ₹633.00 (632.20) and July-17 was at ₹634.80 (633.05).
Malaysian crude palm oil June-17 futures closed higher at MYR 2,874 (MYR 2,861) and July-17 ended at MYR2,720 (MYR 2,699).
On The Bombay Commodity Exchange spot rates (₹/10 kg) were: groundnut oil 980 (1,010), soya refined oil 632 (630), sunflower exp. ref. 595 (595), sunflower ref. 662 (662), rapeseed ref. oil 730 (730), rapeseed expeller ref. 700 (700), cottonseed ref. oil 644 (640) and Palmolein 564 (565).
Liberty’s rates for Palmolein Ex STC / Shapur were ₹574 / ₹575 for May. Super palmolein at ₹595 for May and Soyabean refined oil ex Shapur ₹645 for May. Allana’s ratesfor Palmolein were ex Khapoli / IVP ₹575 / ₹578 for 15-30 June. Soya refined oil ₹642 for June. Sunflower refined oil ₹675 up to June.
Golden Agri was quoting palmolein at ₹565 for 10 June. Parekh quoted soya ref. oil ₹640 for May and Sunflower refi. oil at ₹665 / ₹670 for May / June.
At Rajkot, groundnut oil Telia tin declined to ₹1,475 (1,500) and Loose (10 kg) to ₹925 (940).
On National Commodities and Derivatives Exchange Soyabean refined oil June -17 futures was ₹633.00 (632.20) and July-17 was at ₹634.80 (633.05).
Malaysian crude palm oil June-17 futures closed higher at MYR 2,874 (MYR 2,861) and July-17 ended at MYR2,720 (MYR 2,699).
On The Bombay Commodity Exchange spot rates (₹/10 kg) were: groundnut oil 980 (1,010), soya refined oil 632 (630), sunflower exp. ref. 595 (595), sunflower ref. 662 (662), rapeseed ref. oil 730 (730), rapeseed expeller ref. 700 (700), cottonseed ref. oil 644 (640) and Palmolein 564 (565).