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MARKET DEVELOPMENT
Bullish Cues Heat up Edible Oils
calendar04-02-2015 | linkHindu Business Line | Share This Post:

04/02/2015 (Hindu Business Line) - The edible oils market witnessed a firm trend with higher volumes on Monday tracking bullish futures amid improved physical demand. Malaysian palm oil market was closed. On the Bombay Commodity Exchange, palmolein and cotton refined oil rose by ₹3 and ₹5 for 10 kg each. Vikram Global Commodities (P) Ltd quoted ₹520 for Malaysian super palm February delivery. Liberty traded palmolein at ₹481-484, super palmolein ₹504. Ruchi’s rates: palmolein ₹483, soyabean refined oil ₹615 and sunflower refined oil ₹630. Allana was quoting palmolein for ₹487, super palmolein ₹515, soyabean refined oil ₹615, sunflower oil ₹630.

In Saurashtra-Rajkot, groundnut oil Telia tin rose to ₹1,590 (1,585) and loose (10 kg) was flat at ₹1,025.

BCE spot rates (₹/10 kg): groundnut oil 980 (980), soya refined oil 612 (612), sunflower exp. ref. 580 (580), sunflower ref. 630 (630), rapeseed ref. oil 745 (745), rapeseed expeller ref. 730 (730), cottonseed ref. oil 575 (570) and palmolein 480 (477).