Edible oils stay bearish | Business Line

Mumbai, August 30:  

Loading – unloading activities in edible oils market remained severely affected on second consecutive day on Wednesday. Under current of the market was weak tracking bearish futures amid lack of physical demand.

Allana’s ratesfor Palmolein were Ex JNPT ₹585 for 15-30 Sept. Ex Khapoli / IVP ₹588/ 591 for 1 – 15 Oct. Soya refined oil ₹670/ 673 for Sept/ 1-15 Oct. Sunflower refined oil ₹690 for up to 15 Oct.

Golden agri’s rate for palmolein was Ex JNPT ₹575 for Sept. Ollam quoted palmolein ₹575 for 15-30 Sept.

At Rajkot, groundnut oil was up at ₹1,280 (1,285) for Telia tin and for Loose (10 kg) increase to ₹800 (810).

Malaysian crude palm oilSept 17 futures closed at MYR 2,680 (MYR 2,680) and Oct -17 ended lower at MYR2,695 (MYR 2,705).

On National Commodities and Derivatives Exchange Soyabean refined oil Sept-17 futures ease at ₹653.75 (654.25) and Oct-17 dropped to ₹660.40 (660.85).

In Mumbai nominal spot rates (₹/10 kg) were: groundnut oil 850, soya refined oil 658, sunflower exp. ref. 625, sunflower ref. 680, rapeseed ref. oil 800, rapeseed expeller ref. 770, cottonseed ref. oil 675 and Palmolein 570.

(This article was published on August 30, 2017)

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