MARKET DEVELOPMENT
Cooking Oils Hold Steady
Cooking Oils Hold Steady
05/08/2016 (Hindu Business Line) - Amid improved buying support and demand, majority of oils in Indore mandis were traded marginally higher with soya refined today rising to ₹632-35, while soya solvent ruled at ₹600-605.
On the other hand, palm, cotton and groundnut oil ruled stable with palm oil at ₹618, cotton oil at ₹695-700, while groundnut oil was quoted at ₹1,400. Mustard seeds today declined to ₹4,250-4,300 a quintal (down ₹100 from last week) on sluggish demand.
Similarly, raida traded lower at ₹4,300 (down ₹100 from last week). Plant deliveries of mustard seeds for Jaipur line today ruled at ₹5,150-55 a quintal. Arrival of mustard seeds across the country remained on the lower side at 70,000 bags.
On the other hand, palm, cotton and groundnut oil ruled stable with palm oil at ₹618, cotton oil at ₹695-700, while groundnut oil was quoted at ₹1,400. Mustard seeds today declined to ₹4,250-4,300 a quintal (down ₹100 from last week) on sluggish demand.
Similarly, raida traded lower at ₹4,300 (down ₹100 from last week). Plant deliveries of mustard seeds for Jaipur line today ruled at ₹5,150-55 a quintal. Arrival of mustard seeds across the country remained on the lower side at 70,000 bags.