Declined edible oil trends

As reported from national market source a mixed trend was noticed on the oils and oilseeds market. Groundnut oil weakened by Re.1 at Rs.400 per 10 kg against the previous level of Rs. 401 due to poor buying interest. In supplementary oils, cottonseed refined moved up by Rs. 4 at Rs.288 while sunflower solvent refined eased by Rs.2 at Rs. 280 per 10 kg.

In imported edible oils, RBD palmolein dipped by Rs.2 to Rs. 224 while soyabean refined and crude declined by Re. 1 each to Rs. 247 and Rs. 226 per 10 kg respectively. Sunflower crude and rapeseed crude ruled unaltered at Rs.240 and Rs.230 per 10 kg. Rapeseed refined shed Re.1 to Rs. 247 per 10 kg.

In Mumbai, September castorseeds futures contract opened at Rs. 1,710 after it closed at Rs. 1,729 m an on the previous day. The contract touched a low of Rs. 1,700 and high at Rs. 1,713 a quintal. The international castor oil lost Rs 3 to Rs.383 per 10 kg.


Market Update
(Oil Seeds)