MARKET DEVELOPMENT
Cooking Oils Turn Hot on Weaker ₹
Cooking Oils Turn Hot on Weaker ₹
28/12/2016 (Hindu Business Line) - Edible oils market gained on firm overseas futures amid weak domestic rupee which makes imports costlier. Local refineries increased their rates for palmolein by ₹5-10 per 10 kg. Indigenous oils too gained on positive reports from producing centres.
Liberty traded palmolein at ₹620, super palmolein ₹643 and soyabean refined oil ₹725. Ruchi traded sunflower oil for ₹717.50. Allana’s rates:palmolein ₹625, soya refined oil ₹725, sunflower refined oil ₹725.At Rajkot, groundnut oil telia tin was steady at ₹1,480 and loose (10 kg) at ₹960 (940).
Liberty traded palmolein at ₹620, super palmolein ₹643 and soyabean refined oil ₹725. Ruchi traded sunflower oil for ₹717.50. Allana’s rates:palmolein ₹625, soya refined oil ₹725, sunflower refined oil ₹725.At Rajkot, groundnut oil telia tin was steady at ₹1,480 and loose (10 kg) at ₹960 (940).