Business Standard

Edible oils recover on fresh buying, global cues

Restricted arrivals from key producing areas also supported prices

Related News

recovered on the oils and oilseeds market, during the past week, on emergence of buying by vanaspati mills and retailers, driven by ongoing wedding season amid a firming global trend.

Restricted arrivals from producing belts also supported the recovery in edible oil prices.

However, a few oils in the non-edible section remained under pressure and shed further grounds due to sluggish demand from consuming industries.

Traders said fresh buying by vanaspati millers and retailers to meet the ongoing marriage season demand and reports of a firming trend in global markets led to the recovery in the wholesale edible oil prices.

Meanwhile, palm oil gained 2.1% this month on the Malaysia Derivatives Exchange.

In the national capital, groundnut mill delivery oil (Gujarat) and mustard expeller (Dadri) oils recovered by Rs 50 each to Rs 11,600 and Rs 8,400 per quintal, respectively, on pick up in demand from retailers.

Cottonseed mill delivery (Haryana) oil also traded higher by the same margin to Rs 6,850, while sesame oil after moving in a narrow range in scattered deals and settled at Rs 8,250 per quintal.

Taking positive cues from overseas markets, soyabean refined mill delivery (Indore) (rpt) soyabean refined mill delivery (Indore) and soyabean degum (Kandla) (rpt) soyabean degum (Kandla) oils rose by
Rs 50 each to Rs 8,100 and Rs 7,650, respectively, while crude palm oil (ex-kandla) oil traded up by the same margin to Rs 7,350 per quintal.

Palmolein (RBD) and palmolein (Kandla) oils advanced by Rs 50 each to Rs 8,200 and Rs 7,850 per quintal, respectively.

On the other hand, in the non-edible section, castor oil and neem oils lacked necessary buying support and declined by Rs 50 each to Rs 8,400-8,500 and Rs 4,400-4,500 per quintal, respectively. (MORE) PTI SUN RS KPS
YB
04281356

NNNN

Read more on:   
|
|

Edible oils recover on fresh buying, global cues

Restricted arrivals from key producing areas also supported prices

Edible oils recovered on the oils and oilseeds market, during the past week, on emergence of buying by vanaspati mills and retailers, driven by ongoing wedding season amid a firming global trend.

recovered on the oils and oilseeds market, during the past week, on emergence of buying by vanaspati mills and retailers, driven by ongoing wedding season amid a firming global trend.

Restricted arrivals from producing belts also supported the recovery in edible oil prices.

However, a few oils in the non-edible section remained under pressure and shed further grounds due to sluggish demand from consuming industries.

Traders said fresh buying by vanaspati millers and retailers to meet the ongoing marriage season demand and reports of a firming trend in global markets led to the recovery in the wholesale edible oil prices.

Meanwhile, palm oil gained 2.1% this month on the Malaysia Derivatives Exchange.

In the national capital, groundnut mill delivery oil (Gujarat) and mustard expeller (Dadri) oils recovered by Rs 50 each to Rs 11,600 and Rs 8,400 per quintal, respectively, on pick up in demand from retailers.

Cottonseed mill delivery (Haryana) oil also traded higher by the same margin to Rs 6,850, while sesame oil after moving in a narrow range in scattered deals and settled at Rs 8,250 per quintal.

Taking positive cues from overseas markets, soyabean refined mill delivery (Indore) (rpt) soyabean refined mill delivery (Indore) and soyabean degum (Kandla) (rpt) soyabean degum (Kandla) oils rose by
Rs 50 each to Rs 8,100 and Rs 7,650, respectively, while crude palm oil (ex-kandla) oil traded up by the same margin to Rs 7,350 per quintal.

Palmolein (RBD) and palmolein (Kandla) oils advanced by Rs 50 each to Rs 8,200 and Rs 7,850 per quintal, respectively.

On the other hand, in the non-edible section, castor oil and neem oils lacked necessary buying support and declined by Rs 50 each to Rs 8,400-8,500 and Rs 4,400-4,500 per quintal, respectively. (MORE) PTI SUN RS KPS
YB
04281356

NNNN

image

Read More

Barley futures up on firm physical cues

Barley prices rose in futures trade today by Rs 41.50 to Rs 1,682.50 per quintal, as traders enlarged their holdings tacking demand cues from the ...

Recommended for you

Advertisements

Quick Links

Market News

Sensex drops 297 points to end below 27,450; Infosys slumps 6%

The 30-share Sensex ended down 297 points at 27,438 and the 50-share Nifty closed 93 points lower at 8,305.

Nifty ends 77 points lower; Infosys' Q4 earnings weigh

The 30-share Sensex provisionally ended down 252 points at 27,483 and the 50-share Nifty ended down 77 points at 8,321.

Gold recovers on wedding season demand, global cues

Metal adds Rs 190 to Rs 27,190 per 10 grams in National Capital, Silver up Rs 250 to Rs 36,500 per kg

Cairn India rebounds from 52-week low

The moved higher by 3% to Rs 221,bouncing back 9% from its 52-week low of Rs 202 touched on the NSE in early morning trade.

CNX IT index drops 3%; Infosys hits three-month low

Infosys,Tech Mahindra, Rolta India, Polaris Consulting, Tata Elxsi and KPIT Techno were down 4%-9% on the NSE.

 

Back to Top