Edible oils recover on fresh buying, global cues

Restricted arrivals from key producing areas also supported prices

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 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
Business Standard
177 22
Business Standard

Edible oils recover on fresh buying, global cues

Restricted arrivals from key producing areas also supported prices

Press Trust of India  |  New Delhi 



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 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

RECOMMENDED FOR YOU

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 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
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

  • People traverse through the first rains of the season India to receive normal rains, not surplus
  • Pulses production may exceed 20 Mt in FY17 Pulses production may exceed 20 Mt in FY17

STOCK WATCH

Company Price() Chg(%)
Sequent Scien. 145.05 19.28
JK Tyre & Indust 124.80 12.58
J B Chem & Pharm 311.35 10.88
Tata Inv.Corpn. 570.35 10.14
Punj Lloyd 21.85 9.80
> More on BSE Gainers
Company Price() Chg(%)
JK Tyre & Indust 125.10 12.50
J B Chem & Pharm 311.80 11.14
Punj Lloyd 21.85 9.80
Engineers India 251.20 8.35
Motil.Oswal.Fin. 512.80 7.91
> More on NSE Gainers
Company Price() Chg(%)
Welspun India 59.30 -9.95
J Kumar Infra 147.10 -4.26
Lycos Internet 10.66 -4.05
Jai Corp 75.00 -3.23
Hatsun AgroProd. 326.90 -3.14
> More on BSE Gainers
Company Price() Chg(%)
Welspun India 59.50 -9.98
J Kumar Infra 148.70 -3.32
Lanco Infratech 4.40 -3.30
Jai Corp 75.10 -3.16
Sh.Renuka Sugar 15.90 -3.05
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard