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MARKET DEVELOPMENT
Mixed Trend in Edible Oils
calendar26-05-2015 | linkHindu Business Line | Share This Post:

26/05/2015 (Hindu Business Line) - Edible oils market witnessed a mixed trend on the back of slack demand amid cautious mood on futures markets. Malaysian palm oil futures closed slightly higher on higher exports while domestic soya oil futures dropped on expectation of timely arrival of monsoon. On the Bombay Commodity Exchange, palmolein and groundnut oil rose by ₹3 and ₹5 for 10 kg each. Rapeseed oil jumped by ₹30, soyabean oil declined by ₹5.

Liberty was quoting palmolein at ₹493 JNPT, super palmolein ₹530, soyabean refined oil ₹590. Ruchi’s rates: palmolein ₹491, soyabean refined oil ₹585, sunflower refined oil ₹700. Allana traded palmolein at ₹496, super palmolein ₹530, soyabean refined oil ₹585 and sunflower oil ₹700. In Saurashtra-Rajkot, groundnut oil Telia tin ruled steady at ₹1,510 (1,510) and loose (10 kg) at ₹950 (950).

BCE spot rates (₹/10 kg): groundnut oil 930 (925), soya refined oil 585 (590), sunflower exp. ref. 635 (635), sunflower ref. 700 (700), rapeseed ref. oil 830 (800), rapeseed exp. ref. 800 (770), cottonseed ref. oil 598 (598) and palmolein 494 (491).