Edible oil : mixed trends

Due to good demand and restricted arrivals from producing centres, edible oil market shows firm trends. The oil improved by Rs. 6 to 412 per 10 kg whereas groundnut oil price showed a firm trend. In supplementary oils, both cotton and sunflower solvent refined maintained at its earlier levels of Rs. 280 and Rs. 265 per 10 kg respectively.

In imported oils, RBD palmolein was unaltered at 218 per 10 kg. Soyabean refined declined by Re1 to Rs242 while soyabean crude held steady at Rs. 210 per 10 kg. Sunflower crude maintained at Rs 230 per 10 kg. Rapeseed crude was unchanged at Rs. 226 while rapeseed refined eased by Re 1 to Rs. 242 per 10 kg.

In Mumbai, castorseeds September futures contract opened low at Rs. 1,598 a quintal after it closed at Rs. 1,634 on the previous day. The contract recorded a high of Rs. 1,612 and closed at Rs. 1,607 a quintal.


Market Update
(Oil Seeds)