Fisheries

ICAR - Indian Agricultural Research Institute (ICAR-IARI), New Delhi has developed a low erucic acid Indian mustard variety namely Pusa Mustard-30 (PM-30).

This variety is low in erucic acid (<2%) and has the best combination of other desirable fatty acids besides high yield potential. The normal mustard varieties possess erucic acid more than 40%.

Scientists of ICAR-IARI has developed Indian mustard variety with less than 2% erucic acid using conventional breeding method. Besides, the quantity of other essential fatty acids like Oleic acid has also improved to make the oil healthier with enhanced shelf life.

The new variety possesses oil content of 38% oil and composition of fatty acids is as follows:
Erucic acid: <2%; Oleic acid: 45%; Linoleic acid: 29%; Lenolenic acid: 14% and Ecosenoic acid: 3%. ICAR-IARI has been mentoring to develop a new edible oil brand which is one of very essential component under Make in India initiative of Govt. of India.

A fresh rise in groundnut oil prices provided the main feature of trading on the oils and oilseeds market. The groundnut oil firmed up due to shortage of ready stocks following thin supply. Elsewhere, imported palmolein, castor oil and its seeds rose on good support amidst restricted arrivals from producing centres. In the edible section, groundnut oil shot up by Rs 12 per 10 kg to at Rs 470 as against the previous day’s close of Rs 458. Imported RBD palmolein firmed up further to Rs 372 from the last close of RS 370. In the non-edible section, castor oil commercial rose by Rs 2 to Rs 349 on fresh demand soap manufacturers, while castorseed bold Madras rose to Rs 1,595 from the previous close of Rs 1585.

(Website : www.economictimes.com)

Edible oils trend weak on the local market due to poor stockist offtake amid good supply. Castor oil and castorseed also declined further on poor demand. Imported RBD palmolein declined by Rs 4 to Rs 365 from the last close of Rs 369. Groundnut oil dropped by Rs 2 to Rs 452 from yesterday’s Rs 454. Castor oil commercial fell further by Rs 3 to Rs 347 from the previous close of Rs 350.

(Website : www.economictimes.com)

Groundnut oil prices recovered smartly on the oils and oilseeds market here on heavy stockist buying at lower levels and closed with handsome gains. Imported palmolein, castor oil and its seeds also showed good gains. However, futures prices declined sharply on heavy offloading. Groundnut oil shot up by Rs 9 to Rs 482 from yesterday's close of Rs 473 as stockists look advantage of the prevailing low prices and bought in large quantity.

(Website : www.economictimes.com)

Groundnut oil fell steeply on the oils and oilseeds market on Thursday due to poor offtake in the face of good supply. Elsewhere, castorseed futures shot up further on increased stockists’ offtake in line with heavy export demand. In the edible section, groundnut oil crashed by Rs 9 to Rs 473 from yesterday's close of Rs 482, while imported RBD palmolein eased to Rs 374 from the last close of Rs 375.

(Website : www.economictimes.com)

A modest fall in imported palmolein provided the main feature of trading on the oils and oilseeds market here today. The imported palmolein suffered on increased offerings from stockists in the wake of a fall in prices in Malaysia. Groundnut oil also reacted following buyers’ resistance at higher levels. Castor oil and its seeds, however, remained in positive territory on continued buying support. In the edible section, imported RBD palmolein declined by Rs 8 to close at Rs 375 as against the last close of Rs 383.

(Website : www.economictimes.com)

A firm trend continued to rule on the oils and oilseeds market in Mumbai on persistent demand from retailers. Elsewhere, castor oil and its seeds also edged up further on renewed enquiries from soap industries. In the edible section, groundnut oil moved up further to Rs 483 from the last close of Rs 481. Imported RBD palmolein also looked up to Rs 383 from the overnight closing levels of Rs 380. Castor oil commercial inched up looked up by Rs 2 to Rs 335, while castorseeds bold madras looked by Rs 10 to Rs 1,525. However, linseed oil held steady at Rs 475. In the futures section, castorseeds December contract ruled higher at Rs 1,590 on good export enquiries as against Rs 1,577 previously. The February contract also ended higher at Rs 1,638 as compared to previous close of Rs 1,629.

(Website : www.economictimes.com)

A fresh rally in groundnut oil prices characterised the trading on the oils and oilseeds market in Mumbai. The groundnut oil improved following restricted arrivals amidst good advanced on good buying support. In the edible section, groundnut oil shot up by Rs 16 to Rs 481 from he weekend levels of Rs 465. Imported RBD palmoelin firmed up by Rs 6 to Rs 380 from the last close of Rs 374 on firm advice from Malaysia.

(Website : www.economictimes.com)

A fresh increase in edible oil prices characterised the trading on the oils and oilseeds market here today on festive demand. Castor oil and its seeds showed marginal gain on low-key demand. In the edible section, imported RBD palmolein rose to Rs 364 from the last close of Rs 360, while groundnut rose further to Rs 447 from the previous close of Rs 445 on good demand. Castor oil commercial edged up to Rs 1,430 from the previous close of Rs 1,430 from the previous close of Rs 1,425. Linseed oil however moved in a narrow range and closed steady at the last level of Rs 450. In the futures section, castorseed December delivery contract opened at Rs 1,542, after moving narrowly on small bouts of activity and closed at the same level, showing a marginal gain of Rs 6 over the last close of Rs 1,536.

(Website : www.economictimes.com)

A modest increase in groundnut oil prices on the oils and oilseeds market in Mumbai today on good demand ahead of Diwali. Linseed oil declined on lack of poor demand from paint industries. In the edible section, groundnut oil rose to Rs 445 from the last closing levels of Rs 440. However, imported RBD palmolein closed unaltered at Rs 360. In the non-edible section, linseed oil eased back to Rs 450 from the overnight closing levels of Rs 460.

(Website : www.economictimes.com)

A modest recovery in imported palmolein characterised the trading on the oils and oilseeds market in Mumbai following a steep rise in its prices in Malaysia. However, groundnut oil, castor oil and its seeds moved in a narrow range and closed steady. Castorseed futures and linseed oil, on the other hand, improved on renewed demand. In the edible section, imported RBD palmolein rose to Rs 360 from the last close of Rs 355.

(Website : www.economictimes.com)

A subdued to steady trend was noticed on the oils and oilseeds market in Mumbai. Both edible and industrial oils remained under pressure due to increased offering from stockists amidst poor demand from bulk consumers. In the futures section, castorseed December delivery contract at Rs 1,545, after moving in a narrow range closed at the same levels.

(Website : www.economictimes.com)

A marginal recovery in groundnut oil characterized the trading on the oils and oilseeds market in Mumbai today on fresh demand from retailers amidst normal supply. Elsewhere, castor oil and its seeds moved in a narrow range and closed steady. In the edible section, groundnut oil moved up to Rs 456 from the overnight closing levels of Rs 450. Imported RBD palmolein also ruled firm for the second straight day on good advice from Malaysia. The oil was quoted higher at Rs 356 against the last close of Rs 354. In the industrial oils, castor oil commercial, castorseed bold Madras and linseed oil held steady at Rs 314, Rs 1,420 and Rs 450 respectively on a dull activity.

(Website : www.economictimes.com)

A fresh surge in imported palmolein characterized the trading on the oils and oilseeds market in Mumbai today following a rise in its prices in Malaysia. In the edible section, imported RBD palmolein edged up by a rupee to Rs 354, while groundnut oil moved in a narrow range and closed at the previous day’s closing marks of Rs 450. Castor oil commercial and castorseed bold Madras eased to Rs 314 and Rs 1,420 from the previous close of Rs 315 and Rs 1,425 respectively. In the futures market, castorseed December delivery contract opened at Rs 1,546 and after falling further to a low of Rs 1,539, managed to recover on fresh low-level support and closed at Rs 1,547, still showing a loss of Rs 6 over the last close of Rs 1,553.

(Website : www.economictimes.com)

A modest fall in edible and industrial oils characterised the trading on the oils and oilseeds market here today. Prices of the both groundnut and imported palmolein eased back further on increased arrivals from producing centres amidst thin demand from retailers. In the edible section, groundnut oil dropped Rs 6 to Rs 450 from the last weekend close of Rs 456, while imported RBD palmolein declined to Rs 353 from the last close of Rs 356.

(Website : www.economictimes.com)

A subdued trend prevailed on the oils and oilseeds market in Mumbai. In the edible section, groundnut oil declined to Rs 456 from the last close of Rs 462. Imported RBD palmolein, however, improved by a rupee and closed at Rs 354. Castor oil commercial moved up to Rs 314. Castorseed bold Madras was sought Rs 10 higher at Rs 1,430 against Rs 1,420. Linseed oil also rose to Rs 465 from last close of Rs 460 on better Kolkata advice. Castorseed December contract resumed firm at Rs 1,592 and closed at Rs 1,605, showing a fresh gain of Rs 25 against last close Rs 1,580.

(Website : www.economictimes.com)

A modest recovery in groundnut oil marked the trading on the oils and oilseeds market in Mumbai. The oil improved following restricted arrivals from producing centres. Imported palmolein also ruled firm on good demand.
In the edible section, groundnut oil looked up to Rs 462 against the last close up to Rs 462 against the last close of Rs 460, while imported RBD palmolein advanced by a rupee to close at Rs 353. In the non-edible section, castor oil commercial, castorseed bold Madras remained unchanged at Rs 314 and Rs 1,420 respectively. Copra white and linseed oil also ended at the previous day's closing levels of Rs 500 and Rs 465 respectively.
(Website : www.economictimes.com)

A divergent trend was noticed on the oils and oilseeds market in Mumbai. Groundnut oil eased on increased arrivals while imported palmolein improved following restricted arrivals. Elsewhere, castor oil and its seeds fared better with narrow movements. In the edible section, imported RBD palmolein edged up to Rs 347 from the previous close of Rs 346 on some interest. On the other hand, groundnut oil slipped by Rs 3 to Rs 463 from the last close of Rs 466 due to poor support.
(Website : www.economictimes.com)

Edible and industrial oils lost support on the oils and oilseeds market in Mumbai on buyers’ resistance at the higher levels. Groundnut oil fell to Rs 458 from the previous close of Rs 462 as bulk consumers refrained from buying, sources said. Imported RBD palmolein eased to Rs 345 from Wednesday's close Rs 347 on poor advice from Malaysia.
(Website : www.economictimes.com)

Groundnut oil prices continued to rule firm for the second straight day today due to increased demand from retailers. Imported palmolein also looked up on firm advice from Malaysia. In the edible section, groundnut oil shot up further by Rs 9 to Rs 462 from the last close of Rs 453 on festive demand. Imported RBD palmolein rose to Rs 347 from the previous close of Rs 345 following a rise in the Malaysian prices, where the December crude palm oil contract had rallied to a intra-day high of 1,395 ringgit per metric tonne on shortcovering, sources said.
(Website : www.economictimes.com)

A modest increase in castorseeds futures marked trading on the oils and oilseeds market in Mumbai. Castorseeds futures shot up following fresh enquiries from exporters. Elsewhere, groundnut oil and imported palmolein both improved marginally.
In the futures section, castorseeds December contract opened higher at Rs 1,560 and advanced further to Rs 1,566 before closing at Rs 1,562 as against the last closing levels of Rs 1,540, showing a gain of Rs 22. In the edible section, groundnut oil rose to Rs 435 from the last close of Rs 433 and imported RBD palmolein inched up to Rs 344 from Rs 343. In the non-edible section, castor oil commercial edged up by a rupee to Rs 312. Castorseeds bold Madras also improved to Rs 1,410 from the previous close of Rs 1405.
(Website : www.economictimes.com)

A fresh fall in groundnut oil prices provided the main feature of trading on the oils and oilseeds market in Mumbai. The oil lost support on higher arrivals amidst thin demand from retailers. In the edible section, groundnut oil fell by Rs 10 to Rs 445 from previous closing levels of Rs 455. In the future section, castorseed December contract opened better at Rs 1,588 and after touching a high of Rs 1590, fell to close at the day's lowest level of Rs 1,576, down Rs 6 from last close of Rs 1,582.
(Website : www.economictimes.com)

Groundnut recovered some of its recent losses on the oils and oilseeds market in Mumbai today on fresh demand at the reduced level, while imported palmolein weekend further on selling spree. In the edible section, groundnut oil improved by Rs 5 at Rs 455 against the last weekend levels of Rs 450. Imported RBD shed a rupee at Rs 345 on poor advice from Malaysia.
(Website : www.economictimes.com)

An easy trend was noticed on the oils and oilseeds market in Mumbai today as both edible and industrial oils on increased offerings from stockists amidst thin demand. Groundnut oil declined to Rs 512 from the last close of Rs 515, while imported RBD palmolein fell to Rs 362 over the previous close of Rs 363. Castor oil commercial, castorseed bold Madras and linseed oil closed at the previous close of Rs 325, Rs 1,475 and Rs 465 respectively.
(Courtesy: The Economic Times, September 5)
(Website : www.economictimes.com)

The fixation of fixed tariff value for soybean has caused a rise in domestic prices of edible oils with the importers now having to pay duty at a much higher price of $542 a tonne. It could also lead to a marginal fall in the imports of soyabean oil in favour of crude palm oil. Prices of edible oils has been ruling high on Tuesday on account of the fixation of tariff value for soya-oil and there has been an average increase in rates by around Rs 1,000-Rs 1,500 a tonne, an official of Rajdhani Vegetable Oils Suppliers Association said.
(Courtesy: The Economic Times, September 4)
(Website : www.economictimes.com)

Prices of edible oils shot up on the oils and oilseeds market in Mumbai today on good festive buying. Industrial oils also firmed up on better offtake. In the edible oils, imported RBD palmolein looked up further by Rs 6 to close at Rs 363 from the last close of Rs 357, while groundnut oil improved by Rs 5 to Rs 515 against the previous close of Rs 510. Linseed oil found fresh support from paint manufacturers and rose by Rs 5 to Rs 456. However, castor oil commercial and castorseed bold Madras settled at the previous close of Rs 325 and Rs 1,475 respectively on thin demand.
(Courtesy: The Economic Times, September 4)
(Website : www.economictimes.com)

The government on Monday fixed the base import price of crude Soya oil, which is used to calculate tariffs, at $542 per tonne. The government kept unchanged the base prices of palm oils, according to a notification. The government fixes base prices to check the loss of revenue due to under invoicing by some importers.
(Courtesy: The Economic Times, September 3)
(Website : www.economictimes.com)

A fresh fall in prices of edible oils characterised the trading on the oils and oilseeds market. Groundnut oil and imported RBD palmolein eased further to Rs 510 and Rs 354 from the last closing levels of Rs 512 and Rs 3556 respectively due to lack of demand. In the non-edible section, castor oil commercial, castorseed bold Madras and linseed oil closed unaltered at the previous close of Rs 325, Rs 1,475 and Rs 460 respectively. In the futures section, castorseed September delivery contract opened weak at Rs 1,505 but edged up on some low-level buying and closed marginally higher at Rs 1,509 as against the previous close of Rs 1,510.
(Courtesy- The Economic Times, August, 31)
(Website : www.economictimes.com)

An easy trend continued for the third day in a row on the oils and oilseeds market in Mumbai. Both edible and non-edible oils lost ground on increased offerings from stockists amidst limited demand. In the edible section, groundnut oil fell to Rs 512 per 10 kg from the last closing levels of Rs 515, showing a total loss of Rs 23 since Monday. Imported RBD palmolein fell to Rs 356 from the previous close of Rs 359 on poor demand supported by weak Malaysian advice.
(Courtesy- The Economic Times, August, 30)
(Website : www.economictimes.com)

A modest increase in prices of castorseed futures characterised the trading on the oils and oilseeds market in Mumbai today following higher demand exporters. Castor oil and its seeds also recovered on fresh demand, while groundnut oil consolidated its position at the previous levels. Groundnut oil remained unchanged at Rs 5515, while imported RBD palmolein edged down by a rupee to Rs 359 on weak Malaysian advice.
In the futures section, castorseed December delivery contract resumed higher at Rs 1,560 and improved further on good demand, before closing at Rs. 1,591, revealing a fresh gain of Rs 34 over the previous close of Rs 1,557. September delivery contract opened at Rs 1,510 and closed at the same level. Castor oil commercial rose to Rs 328 from the last close of Rs 325 on fresh demand from soap manufacturers. Castorseeds bold Madras looked up by Rs 15 to Rs 1,490 on similar ground.
(Courtesy- The Economic Times, August, 29)
(Website : www.economictimes.com)

Tight supplies mean Chicago soybean prices are expected to rise in the near to medium-term, Hamburg based newsletter Oil World said. The recent decline in soybean futures in Chicago was overdone, it said, adding, world production of soybeans, oil and meal will be insufficient to satisfy demand, so that a more or less significant reduction of stocks must occur.
(Courtesy- The Economic Times, August, 28)
(Website : www.economictimes.com)

Groundnut oil continued to rule lower for the second day in a row on the oils and oilseeds market. The oil slipped further due to higher arrivals from producing centres amidst normal demand. Imported palmolein also lost support on weak advice from Malaysia. In the edible section, groundnut oil defined further by Rs 10 to Rs 515 from the last close of Rs 525 thus showing a loss of Rs 23 in two days.
(Courtesy- The Economic Times, August, 28)
(Website : www.economictimes.com)

An easy trend was noticed on the oils and oilseeds market in Mumbai today as both edible oils met buyer’s resistance at the higher levels. In the edible section, groundnut oil eased to Rs 550 from Rs 555 on increased arrivals from producing centres amidst poor demand. Imported RBD palmolein too fell to Rs 368 from the last close of Rs 372.
(Courtesy- The Economic Times, August, 21)
(Website : www.economictimes.com)

A firm trend was noticed on the oils and oilseeds market in Mumbai. Groundnut oil prices shot up by Rs 25 per 10 kg on fresh demand amidst poor arrivals from producing centres. Other oils and their seeds also extended gains on buying spree. Groundnut oil looked up by Rs 25 to Rs 540 from the previous close of Rs 515. Imported RBD palmolein shot up by Rs 9 to Rs 369 in line with fresh rise in the Malaysian prices.
(Courtesy- The Economic Times, August, 17)
(Website : www.economictimes.com)

Despite the drought situation in major oilseeds producing states, prices of edible oils after showing a consistent increase have now stabilized on higher side. An anticipated shortfall in domestic edible oil production not resulting in skyrocketing of prices is being attributed to the slump in demand which can balance any shortage in output.
(Courtesy- The Economic Times, August, 10)
(Website : www.economictimes.com)

Groundnut remained in centrestage of activity on the oils and oilseeds market today as it continued to attract heavy demand amidst thin arrivals from producing centres and closed higher. Imported palmolein also looked up on good demand, while castor oil and its seeds lost support on poor enquires from soap manufacturers. In the edible section, Groundnut oil shot up further by Rs 8 to Rs 480 from the previous close of 472. Imported RBD palmolein moved up to Rs 358 from the last close of Rs 357.
(Courtesy- The Economic Times, August, 10)
(Website : www.economictimes.com)

A sharp increase in groundnut oil characterised the trading on the oils and oilseeds market today due to lower than usual arrivals from producing centres. The fresh demand from retailers also pushed up prices. Groundnut oil shot up by Rs 7 to close at Rs 465 against the previous close of Rs 458. Similarly, imported RBD palmolein rose to Rs 356 from the last close of Rs 354. Castor oil commercial, castorseed bold Madras and linseed oil remained unaltered at their previous close of Rs 301, Rs 1,355 and Rs 440 respectively due to restricted arrivals.
(Courtesy- The Economic Times, August, 8)
(Website : www.economictimes.com)

Sentiment tuned weak on the oils and oilseeds market here as prices declined on poor offtake at improved levels and closed with fresh losses. In the edible section, groundnut oil declined by Rs 5 to Rs 465 from yesterday's close of Rs 470 and imported RBD palmolein fell to Rs 362 from Rs 364. In the non-edible section, castor oil commercial dropped further by Rs 3 to Rs 302 from the last close of Rs 305 on poor industrial offtake, while castorseed bold Madras fell to Rs 1,360 from Rs 1,375 on lack of export demand. Linseed oil however moved in a narrow range and closed steady at Rs 450.
(Courtesy- The Economic Times, August, 3)
(Website : www.economictimes.com)

A mixed trend was noticed on the oils and oilseeds market. Imported palmolein improved further, while industrial oils lost ground on lack of demand. Imported RBD palmolein rose to Rs 364 from Rs 359. Groundnut oil remained unchanged at Rs 470.
(Courtesy- The Economic Times, August, 2)
(Website : www.economictimes.com)

Groundnut oil shot up on the oils and oilseeds market on good demand from retailers coupled with poor arrivals from producing centres. Imported RBD palmolein also showed a firm trend on fresh demand. Industrial oils also advanced further on consistent demand from soap manufacturers. In the edible section, groundnut oil was sought Rs 11 higher at Rs 458 from Rs.447. Imported RBD palmolein rose to Rs 359 from the previous close of Rs 355.

(Courtesy- The Economic Times, July, 31)
(Website : www.economictimes.com)

In a restricted activity prices of edible and industrial oils moved in a narrow range on the oil and oilseeds market today. However, groundnut and castor oils were exception as both of them lost ground on paucity of demand. In the edible section, groundnut oil eased further to Rs 445 from the last close of Rs 446, while imported RBD palmolein moved erratically and closed at the previous days levels of Rs 356. In the non-edible section, castor oil commercial declined to Rs 296 from the previous close of Rs 297 and castorseed bold Madras lost Rs 5 to close at Rs 1,330 as against the last close of Rs 1,335.

(Courtesy- The Economic Times, July, 26)
(Website : www.economictimes.com)

An easy to steady trend was observed on the oils and oilseeds market today. Imported palmolein lost ground on paucity of demand and weak advice from Malaysia. Industrial oils, however held steady on small bout of demand. In the edible section, imported RBD palmolein declined to Rs 360 from the last close of Rs 363, while groundnut oil held steady at Rs 448.

(Courtesy- The Economic Times, July, 24)
(Website : www.economictimes.com)

A steep rise in edible oil prices provided the main feature of trading on the oil and oilseeds market in Mumbai. Prices of groundnut shot up further on heavy demand from stockists coupled with tight supply. Firm Malaysian advice also pushed up prices in imported palmolein. Castor oil and its seeds also improved on better enquiries. In the edible section, imported RBD palmolein rose to Rs 363 from the previous close of Rs 358 as in Malaysia, the benchmark October contract rose by 38 ringgit per metric tonne on Friday to close at 1,447 due to less bearish export date and good physical buying from India. Groundnut oil looked up to Rs 448 from the last weekend levels of Rs 445.

(Courtesy- The Economic Times, July, 23)
(Website : www.economictimes.com)

An easy trend continued to prevail on the oils and oilseeds market as edible oils declined further due to lack of demand. In the edible section, imported RBD palmolein eased further by Rs 7 to Rs 351 following weak advice from Malaysia. Groundnut oil also declined by Rs 7 to Rs 445 on increased offerings from producing centres. In the non-edible section, castor oil commercial eased to Rs 294 from the last close of Rs 295 and castorseed bold Madras lost Rs 5 to Rs 1,320. Linseed oil lost Rs 5 to Rs 430 on thin demand from paint industries.

(Courtesy- The Economic Times, July, 19)
(Website : www.economictimes.com)

Edible oils, after ruling firm for the last two sessions, lost support on the oils and oilseeds market due to buyers’ resistance at the higher levels coupled with increased arrivals. In the edible section, groundnut oil fell by Rs 5 to Rs 452 from the last closing levels of Rs 457. Imported RBD palmolein also showed a fresh loss of Rs 4 at Rs 357 as against the previous close of Rs 361 due to weak Malaysian advice. In Kuala Lumpur, the October CPO contract dropped 12 ringgit to 1,423 ringgit. Castorseed futures also eased on lack of export enquiries, while linseed oil improved on better advice from Kolkata.

(Courtesy- The Economic Times, July, 18)
(Website : www.economictimes.com)

Edible oils continued to rule firm on the oils and oilseeds market today. Groundnut oil advanced further on persistent demand from retailers. Poor arrivals from producing centres also affected the sentiment. Imported RBD palmolein also improved further due to higher advice from Malaysia. Elsewhere, castor oil commercial edged up further on sustained demand from soap industries. In the edible section, groundnut oil shot up further by Rs 10 to Rs 448 from the last weekend levels of Rs 438. Imported RBD palmolein also moved up further by Rs 9 to Rs 356 from Saturday’s closing levels of Rs 347.

(Courtesy- The Economic Times, July, 16)
(Website : www.economictimes.com)

A firm trend continued on the oils and oilseeds market here as edible oils improved further. Industrial oils, on the other hand, moved in a narrow range and closed steady. In the edible section, groundnut oil rose to Rs 435 from the overnight closing levels of Rs 432 on good demand from retailers. Imported RBD palmolein also inched up further by Rs 5 to Rs 343 following better advice from Malaysia.

(Courtesy- The Economic Times, July, 13)
(Website : www.economictimes.com)

A mixed trend was noticed on the oils and oilseeds market. Castor oil commercial and its seeds advanced further on persistent demand, while imported RBD palmolein eased marginally on weak demand. In the edible section, imported RBDD palmolein fell to Rs 336 from the previous close of Rs 338 on thin demand and weak advice from Malaysia. Groundnut oil moved in a narrow range and closed at the previous closing level of Rs 432.

(Courtesy- The Economic Times, July, 11)
(Website : www.economictimes.com)

Led by groundnut oil, prices of edible and industrial oils rallied further for the second successive day on the oils and oilseeds market on persistent buying interest. In the edible section, groundnut oil advanced further by Rs 6 to Rs 432 from the previous close of Rs 426.

(Courtesy- The Economic Times, July, 10)

(Website : www.economictimes.com)

Succour may be finally at hand for consumers of sunflower and rapeseed oils brands, which are charging record prices to cope with scarce supplies and zero imports. The government plans to shortly open this year’s quota of three-lakh tonne oil imported at concessional duty. India offers this annual quota to trading partners like Argentina, Brazil and USA as part of its commitment under WTO. A global shortage of sunflower seed has ensured high oil prices worldwide and simultaneous increase in local prices.

(Courtesy- The Economic Times, July, 9)
(Website : www.economictimes.com)

Groundnut oil firmed up on the oils and oilseeds market on renewed demand from bulk consumers. Groundnut oil improved by Rs 6 to Rs 426 from the weekend close of Rs 420, while imported RBD palmolein advanced by Rs 3 to Rs 333 from the previous close of Rs 330.

(Courtesy- The Economic Times, July, 9)

(Website : www.economictimes.com)

A modest decline in groundnut oil and imported palmolein characterised the trading on the oil and oilseeds market. The trading pattern showed a mixed movement as edible oil prices drifted lower on paucity of demand. Industrial oils on the other hand improved on better offtake. In the edible section, groundnut oil eased further by Rs 4 to Rs 420 from the previous close of Rs 424 and imported RBD palmolein fell to Rs 329 from the overnight closing levels of Rs 331.

(Courtesy- The Economic Times, July, 6)

(Website : www.economictimes.com)

A fresh fall in prices of edible and industrial oils featured the trading on the oil and oilseeds market on thin demand amidst normal supply. There was no trading in the futures market, according to sources. In the edible section, imported RBD palmolein fell by Rs 4 to Rs 340, while groundnut oil registered a fresh fall of Rs 2 at Rs 426 from the previous close of Rs 428. In the non-edible section, linseed oil lost paint industries demand along with weak Kolkata advice and declined to Rs 418 from the last close of Rs 420.

(Courtesy- The Economic Times, July, 3)

(Website : www.economictimes.com)

A firm to steady conditions prevailed on the oil and oilseeds market today with both edible and industrial oils inched up on good demand amidst restricted supply from producing centres. In the edible section, imported RBD palmolein firmed up by Rs 3 to Rs 344 from the last close of Rs 341 on good buying supported better advice from Malaysia. In Malaysia, September CPO contract rose to 1357 ringgit per tonne from 1355 ringgit. Groundnut oil, however showed a small gain at Rs 428 as against the previous close of Rs 427. In the non-edible section, castor oil improved by a rupee to Rs 284 and castorseed bold Madras rose to Rs 1,270 from 1,265.

(Courtesy- The Economic Times, July, 2)
(Website : www.economictimes.com)

The rush to import edible oil, which took off in May, continues in June too. Considering the edible oils cargoes, which have already reached various ports, edible oils imports in the current month will go up 7.8% to 5 lakh tonnes over May. Traders said already about 3.5 lakh tonnes of edible oils had landed the country in the first three weeks of the month.

(Courtesy- The Economic Times, July, 1)
(Website : www.economictimes.com)

A fresh fall in groundnut oil prices characterised the trading on the oil and oilseeds market. The oil declined on lack of demand from retailers. Imported RBD palmolein also lost support due to lower Malaysian advices. In the edible section, groundnut oil dropped Rs 3 to Rs 432, while imported RBD palmolein fell to Rs 349 from the last close of Rs 354.

(Courtesy-The Economic Times, 27th June)
(Website : www.economictimes.com)

An easy trend was observed on oil and oilseeds market as both edible and industrial oils remained under pressure due to lack of enquiries from retailers and wholesalers as well. Groundnut oil dropped a rupee to close at Rs 434, while imported RBD palmolein weakened by Rs 8 to Rs 356 in the wake of a fall in its prices in Malaysia. Soya oil refine and crude were traded lower at Rs 355 and Rs 333 respectively.

(Website : www.economictimes.com)

India, the world’s largest edible oil importer, is seen sharply increasing soyoil purchases from abroad in July versus a year ago as the price gap between soyoil and palm oil has narrowed significantly, traders said. The price of imported soyoil, including duties, is now just about Rs 1,000($20.41) a tonne more than that of refined palm oil, while the gap was about Rs 3,000 a year ago.

(Website : www.economictimes.com)