MARKET DEVELOPMENT
Mustard Oil Extends Gains on Weak Arrivals
Mustard Oil Extends Gains on Weak Arrivals
22/06/2013 (Hindu Business Line) - Mustard-rapeseed oil extended gain by Rs 4 and palmolein declined by Rs 5 for 10 kg on Friday.
Mustard-rapeseed oil gained on continued uptrend in producing centres due to weak arrivals.
In Rajasthan also, mustard oil witnessed an uptrend with demand outstripping supply.
Groundnut, soyabean, sunflower and cotton refined oils were unchanged. Volume was thin on slack physical demand, said sources.
Volume remained thin at 350-400 tonnes during the day. About 180-200 tonnes palmolein were resale traded at Rs 530 for ready and 180-200 tonnes at Rs 535-536 for July 1-15.” Soyabean arrivals were about 1.15 lakh-1.20 lakh bags including 60,000-65,000 bags in Madhya Pradesh and its prices were Rs 3,900-3,920 ex-mandi and Rs 3,990 for plant delivery.
Mustard seeds arrivals were 1.50 lakh-1.60 lakh bags and priced at Rs 3,160-3,600.
At the end of the day, Liberty quoted palmolein at Rs 555, super palmolein Rs 590 and super deluxe Rs 610. Ruchi quoted palmolein at Rs 560 and Rs 540 ex-JNPT; soyabean refined oil Rs 690 for June-July and Rs 693 for August; sunflower refined oil Rs 810. Gokul’s rates for palmolein were Rs 542 for June and Rs 545 for July. In Rajkot, groundnut oil was steady at Rs 1,470 (Rs 1,480) for telia tin and Rs 950 (Rs 950) for loose 10 kg.
On National Commodities and Derivatives Exchange, soyabean refined oil July futures dropped by Rs 4.75 to Rs 699.20 (Rs 703.95); August down by Rs 5.30 to Rs 692.50 (Rs 697.80) and September declined by Rs 4.40 to Rs 684.35 (Rs 688.75).
Malaysia BMD crude palm oil July contracts closed lower at MYR 2,432 (MYR 2,457), August ended at MYR 2,446 (MYR 2,472) and September closed at MYR 2,440 (MYR 2,462) a tonne.
The Bombay Commodity Exchange spot rates (Rs/10 kg) were: Groundnut oil 975 (975), soya refined oil 685 (685), sunflower exp. ref. 745 (740), sunflower ref. 810 (810), rapeseed ref. oil 702 (698), rapeseed expeller ref. 672 (668) cottonseed ref. oil 675 (675) and palmolein 533 (538).
Vikram Global Commodities, Chennai, quoted Malaysian super palmolein at Rs 585 ex-Chennai for delivery in 15 days.
Mustard-rapeseed oil gained on continued uptrend in producing centres due to weak arrivals.
In Rajasthan also, mustard oil witnessed an uptrend with demand outstripping supply.
Groundnut, soyabean, sunflower and cotton refined oils were unchanged. Volume was thin on slack physical demand, said sources.
Volume remained thin at 350-400 tonnes during the day. About 180-200 tonnes palmolein were resale traded at Rs 530 for ready and 180-200 tonnes at Rs 535-536 for July 1-15.” Soyabean arrivals were about 1.15 lakh-1.20 lakh bags including 60,000-65,000 bags in Madhya Pradesh and its prices were Rs 3,900-3,920 ex-mandi and Rs 3,990 for plant delivery.
Mustard seeds arrivals were 1.50 lakh-1.60 lakh bags and priced at Rs 3,160-3,600.
At the end of the day, Liberty quoted palmolein at Rs 555, super palmolein Rs 590 and super deluxe Rs 610. Ruchi quoted palmolein at Rs 560 and Rs 540 ex-JNPT; soyabean refined oil Rs 690 for June-July and Rs 693 for August; sunflower refined oil Rs 810. Gokul’s rates for palmolein were Rs 542 for June and Rs 545 for July. In Rajkot, groundnut oil was steady at Rs 1,470 (Rs 1,480) for telia tin and Rs 950 (Rs 950) for loose 10 kg.
On National Commodities and Derivatives Exchange, soyabean refined oil July futures dropped by Rs 4.75 to Rs 699.20 (Rs 703.95); August down by Rs 5.30 to Rs 692.50 (Rs 697.80) and September declined by Rs 4.40 to Rs 684.35 (Rs 688.75).
Malaysia BMD crude palm oil July contracts closed lower at MYR 2,432 (MYR 2,457), August ended at MYR 2,446 (MYR 2,472) and September closed at MYR 2,440 (MYR 2,462) a tonne.
The Bombay Commodity Exchange spot rates (Rs/10 kg) were: Groundnut oil 975 (975), soya refined oil 685 (685), sunflower exp. ref. 745 (740), sunflower ref. 810 (810), rapeseed ref. oil 702 (698), rapeseed expeller ref. 672 (668) cottonseed ref. oil 675 (675) and palmolein 533 (538).
Vikram Global Commodities, Chennai, quoted Malaysian super palmolein at Rs 585 ex-Chennai for delivery in 15 days.