MARKET DEVELOPMENT
Weak Cues Hold Edible Oils Flat
Weak Cues Hold Edible Oils Flat
17/02/2016 (Hindu Business Line) - Edible oils market ruled flat on back of normal volume amid weak overseas futures. Malaysian palm oil futures closed lower as their exports declined during February 1-15. Sources said demand at higher level eased. Local refineries kept their rates unchanged but profit booking kept volume thin and isolated. Ruchi’s rates: palmolein ₹533, soyabean refined oil ₹628, sunflower refined oil ₹760.
BCE spot rates (₹/10 kg): groundnut oil 920 (925), soya ref. 625 (625), sunflower exp. ref. 685 (690), sunflower ref. 760 (760), rapeseed ref. oil 795 (795), rapeseed exp. ref. 765 (765), cottonseed ref. oil 602 (600) and palmolein 525 (525).
BCE spot rates (₹/10 kg): groundnut oil 920 (925), soya ref. 625 (625), sunflower exp. ref. 685 (690), sunflower ref. 760 (760), rapeseed ref. oil 795 (795), rapeseed exp. ref. 765 (765), cottonseed ref. oil 602 (600) and palmolein 525 (525).