MARKET DEVELOPMENT
Edible Oils Witnesses Firm Trend
Edible Oils Witnesses Firm Trend
15/09/2015 (Hindu Business Line) - Edible oils market witnessed a firm trend on Monday tracking bullish Malaysian palm oil futures which closed higher on demand from importers.
Local refineries have increased their rates for Palmolein by ₹5. On the Bombay Commodity Exchange, palmolein and cotton oil rose by ₹3 and ₹7 each. On The Bombay Commodity Exchange spot rates (Rs/10 kg) were: groundnut oil 1,100 (1,100), soya refined oil 565(565), sunflower exp. ref. 660 (660), sunflower ref. 710 (715), rapeseed ref. oil 890 (890).
Local refineries have increased their rates for Palmolein by ₹5. On the Bombay Commodity Exchange, palmolein and cotton oil rose by ₹3 and ₹7 each. On The Bombay Commodity Exchange spot rates (Rs/10 kg) were: groundnut oil 1,100 (1,100), soya refined oil 565(565), sunflower exp. ref. 660 (660), sunflower ref. 710 (715), rapeseed ref. oil 890 (890).