MARKET DEVELOPMENT
Edible Oils Rule Steady on Malaysian Cues
Edible Oils Rule Steady on Malaysian Cues
27/04/2013 (Hindu Business Line) - Despite a steady price trend, sentiment in edible oils remained positive on Thursday on active volume tracking firm Malaysian palm oil futures.
Rapeseed oil rose by Rs 3 and cotton oil declined by Re 1 for 10 kg. But May soyabean refined oil jumped by Rs 9.50.
Liberty sold 200-250 tonnes palmolein at Rs 510-513. Ruchi sold 350-400 tonnes palmolein at Rs 512-514; soyabean refined oil 250-300 tonnes at Rs 665-668. Gokul sold 200-250 tonnes palmolein at Rs 502-503. About 150-200 tonnes palmolein were sold in ready at Rs 508 ex-JNPT by a reseller.
Arrivals of soyabean in Madhya Pradesh declined to 10,000 bags. Mandi prices increased by Rs 25 to Rs 3,850-3,950 and by Rs 50 to Rs 3,975-4,050. Mustard arrivals were 5.15 lakh bags at the national level and prices were Rs 3,350-3,625.
Liberty quoted palmolein at Rs 510-513; super palmolein Rs 545 and sunflower refined oil Rs 775. Ruchi was quoting palmolein at Rs 514 ex-Patalganga, Rs 509 ex-JNPT and soyabean refined oil Rs 670.
Allana quoted super palmolein at Rs 545. Resellers quoted palmolein at Rs 508-509.
In Saurashtra – Rajkot, groundnut oil declined by Rs 10 to Rs 1,900 (Rs 1,910) for telia tin and Rs 1,230 (Rs 1,240) for loose (10 kg).
On the National Commodities and Derivatives Exchange, soyabean refined oil’s May futures were up by Rs 9.50 to Rs 716.00 (Rs 706.50), June was higher by Rs 3.35 to Rs 684.45 (Rs 680.60) and July was higher at Rs 669.00 (Rs 668.80).
In Malaysia BMD, crude palm oil May futures contracts settled higher at MYR 2,310 (MYR 2,285), June at MYR 2,322 (MYR 2,296) and July at MYR 2,309 (MYR 2,289) a tonne.
The Bombay Commodity Exchange spot rates (Rs/10 kg): Groundnut oil was 1,210 (1,210), soya refined oil 665 (665), sunflower exp. ref. 680 (680), sunflower ref. 765 (765), rapeseed ref. oil 693 (690), rapeseed expeller ref. 663 (660) cottonseed ref. oil 644(645) and palmolein 508 (508).
Vikram Global Commodities, Chennai, has quoted Malaysian super palmolein for Rs 548 ex-Chennai; $912 CIF JNPT, May delivery; $913 c.i.f Haldia, May delivery.
Rapeseed oil rose by Rs 3 and cotton oil declined by Re 1 for 10 kg. But May soyabean refined oil jumped by Rs 9.50.
Liberty sold 200-250 tonnes palmolein at Rs 510-513. Ruchi sold 350-400 tonnes palmolein at Rs 512-514; soyabean refined oil 250-300 tonnes at Rs 665-668. Gokul sold 200-250 tonnes palmolein at Rs 502-503. About 150-200 tonnes palmolein were sold in ready at Rs 508 ex-JNPT by a reseller.
Arrivals of soyabean in Madhya Pradesh declined to 10,000 bags. Mandi prices increased by Rs 25 to Rs 3,850-3,950 and by Rs 50 to Rs 3,975-4,050. Mustard arrivals were 5.15 lakh bags at the national level and prices were Rs 3,350-3,625.
Liberty quoted palmolein at Rs 510-513; super palmolein Rs 545 and sunflower refined oil Rs 775. Ruchi was quoting palmolein at Rs 514 ex-Patalganga, Rs 509 ex-JNPT and soyabean refined oil Rs 670.
Allana quoted super palmolein at Rs 545. Resellers quoted palmolein at Rs 508-509.
In Saurashtra – Rajkot, groundnut oil declined by Rs 10 to Rs 1,900 (Rs 1,910) for telia tin and Rs 1,230 (Rs 1,240) for loose (10 kg).
On the National Commodities and Derivatives Exchange, soyabean refined oil’s May futures were up by Rs 9.50 to Rs 716.00 (Rs 706.50), June was higher by Rs 3.35 to Rs 684.45 (Rs 680.60) and July was higher at Rs 669.00 (Rs 668.80).
In Malaysia BMD, crude palm oil May futures contracts settled higher at MYR 2,310 (MYR 2,285), June at MYR 2,322 (MYR 2,296) and July at MYR 2,309 (MYR 2,289) a tonne.
The Bombay Commodity Exchange spot rates (Rs/10 kg): Groundnut oil was 1,210 (1,210), soya refined oil 665 (665), sunflower exp. ref. 680 (680), sunflower ref. 765 (765), rapeseed ref. oil 693 (690), rapeseed expeller ref. 663 (660) cottonseed ref. oil 644(645) and palmolein 508 (508).
Vikram Global Commodities, Chennai, has quoted Malaysian super palmolein for Rs 548 ex-Chennai; $912 CIF JNPT, May delivery; $913 c.i.f Haldia, May delivery.