MARKET DEVELOPMENT
Cooking Oils in Bear Grip
Cooking Oils in Bear Grip
10/02/2017 (Hindu Business Line) - Edible oils market ruled steady on slack demand amid weak overseas reports. On the BCE, soya oil, sunflower and rapeseed oil gained by ₹5 per 10 kg each, while groundnut and cotton oil ruled steady.
As stockists preferred to fulfil old commitments tracking weak sentiments, the volume remained thin. Liberty traded palmolein at ₹642, super palmolein ₹663 and soyabean refined oil ₹710.
Ruchi’srates: soyabean refined oil ₹697, sunflower oil ₹707.50. Allana quoted palmolein at ₹645, soya refined oil ₹710, sunflower refined oil ₹712. At Rajkot, groundnut oil telia tin declined to ₹1,470 (1,490) and loose (10 kg) dropped to ₹925 (950). BCE spot rates (₹/10 kg): groundnut oil 990 (990), soya ref. 700 (695), sunflower exp. ref. 655 (650), sunflower ref. 703 (700), rapeseed ref. 805 (800), rapeseed exp. ref. 775 (770), cottonseed ref. 700 (700) and palmolein 627 (628).
As stockists preferred to fulfil old commitments tracking weak sentiments, the volume remained thin. Liberty traded palmolein at ₹642, super palmolein ₹663 and soyabean refined oil ₹710.
Ruchi’srates: soyabean refined oil ₹697, sunflower oil ₹707.50. Allana quoted palmolein at ₹645, soya refined oil ₹710, sunflower refined oil ₹712. At Rajkot, groundnut oil telia tin declined to ₹1,470 (1,490) and loose (10 kg) dropped to ₹925 (950). BCE spot rates (₹/10 kg): groundnut oil 990 (990), soya ref. 700 (695), sunflower exp. ref. 655 (650), sunflower ref. 703 (700), rapeseed ref. 805 (800), rapeseed exp. ref. 775 (770), cottonseed ref. 700 (700) and palmolein 627 (628).