Changing trends of edible oil

Dealers from Mumbai market reported that the restricted arrivals of groundnut oil coupled with thin demand kept the prices at the same level. Groundnut oil remained unaltered at Rs 400 per 10 kg for the seventh consecutive day.

While imported oils trends shows that the prices of RBD palmolein improved by Re1 to Rs 218 per 10 kg whereas soyabean refined and crude held steady at Rs 243 and Rs. 213 per 10 kg respectively. Sunflower crude and refined was down by Rs. 2 each to Rs 228 and Rs. 243 per 10 kg respectively.

It is also reported that castorseeds futures contract opened at Rs. 1,632 after it closed at Rs.1, 623 a quintal on the previous day. The contract touched a high of Rs. 1,645 and recorded a low of Rs. 1,632, finally it closed at Rs. 1,634 per quintal.


Market Update
(Oil Seeds)