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MARKET DEVELOPMENT
Stockists’ Buying Boosts Edible Oils
calendar27-05-2015 | linkHindu Business Line | Share This Post:

27/05/2015 (Hindu Business Line) -  Activities in edible oils market increased on Tuesday as stockists gave fresh orders on back of firm futures amid higher physical demand. On the Bombay Commodity Exchange, palmolein rose by ₹1 and cotton oil declined by ₹3/10 kg each.Vikram Global Commodities (P) Ltd quoted ₹540 for Malaysian super palm May delivery. Liberty was quoting palmolein at ₹500 JNPT, super palmolein ₹535 and soyabean refined oil ₹595. Ruchi traded palmolein at ₹495, soyabean refined oil ₹585, sunflower refined oil ₹700. Allana’s rates: palmolein ₹504, super palmolein ₹537, soyabean refined oil ₹590 and sunflower oil ₹700.

In Saurashtra-Rajkot, groundnut oil Telia tin lost ₹35 to ₹1,475 and loose (10 kg) dropped by ₹10 to ₹940.

BCE spot rates (₹/10 kg): groundnut oil 930 (930), soya refined oil 585 (585), sunflower exp. ref. 635 (635), sunflower ref. 700 (700), rapeseed ref. oil 830 (830), rapeseed exp. ref. 800 (800), cottonseed ref. oil 595 (598) and palmolein 495 (494).