SPONSORED BY

Auto Segment
Mutual Fund Segment
My Budget
Expert Speak
In Association With
 
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:   
|
|

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

Quick Links

Market News

Jaitley says will merge regulators Sebi and FMC

The merger of the commodities and equtiy markets regulators had been hinted at in the Economic Survey

Budget Impact: MCX hits 52-week high

The stock has rallied nearly 9% to Rs 1,144 on the BSE

NBCC gains on signing MoU with Delhi Development Authority

The stock up 4% at Rs 888 on BSE.

Housing finance companies in focus; HDFC, LIC Housing, Dewan Housing hit lifetime high

HDFC, Dewan Housing, LIC Housing, GIC Housing, Gruh Finance, Repco Home and Can Fin Homes up 2-5% on BSE.

Upmove continues on D-Street; Union Budget eyed

The 30-share Sensex has surged 218 points at 29,438 and the 50-share Nifty has soared 61 points to 8,905.

 

Back to Top