Steady trend in edible oils

Our Correspondent Updated on February 02, 2018

bl23-edible.ART+GTV2BARCM.3.jpg.jpg

Mumbai, February 2

Edible oils ruled steady on Friday as the duty hike announced in the Budget affected fresh bulk demand amid higher selling pressure. Local refineries increased their rates for imported edible oils in line with duty increase but in absence of demand activities remained limited in resale at lower rates.

During the day about 250-300 tonnes of palmolein were resold at ₹627-630.

Liberty traded palmolein ex Shapur ₹655, super palmolein ₹675. Allana: palmolein ex Khapoli ₹655, soya refined oil ₹750, sunflower refined oil ₹735 for March. Ruchi: soya oil ₹732 and sunflower refined oil ₹727. Golden agri quoted palmolein at ₹640.

At Rajkot, groundnut oil Telia tin was steady at ₹1,380 and loose (10 kg) at ₹860.

Malaysian crude palm oil Feb futures settled lower at MYR 2,475 (MYR 2,490), March at MYR 2,468 (MYR 2,493) and April at MYR 2,467 (MYR 2,492).

BCE spot rates (₹/10 kg): groundnut oil 915 (915), soya refined oil 725 (720), sunflower exp. ref. 675 (670), sunflower ref. 725 (720), rapeseed ref. oil 790 (790), rapeseed expeller ref. 760 (760), cottonseed ref. oil 712 (710) and Palmolein 630 (629).

Published on February 02, 2018
TOPICS
oilseeds and edible oil
commodities market

Previous Story Transitioning agriculture and MSMEs

Next Story New procedures introduced on pepper export, Lanka tells India

MORE FROM BUSINESSLINE


 Getting recommendations just for you...
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.