Shares of companies refining and marketing edible oils have moved up over last three months on hopes of better price realisation following errant monsoon.

Shares of Marico Industries rose 8.33 per cent to Rs 162.50 on 19 September from Rs 150 on 3 June. Similarly, the Ruchi Soya scrip climbed 26 per cent at Rs 37.80 from Rs 30.10 in the same period. Shares of Godrej Foods has also moved up 20 per cent at Rs 2.40 from Rs 2 in this period.

The decision by the government to impose tariff value on crude soyabean oil has brought cheer to soybean oil extraction companies like the maker of Nutrela, Ruchi Soya Industries Ltd. (RSIL).

The finance ministry, in a notification issued on 4 September has fixed the tariff value or the base import price at $542 a tonne. The company exports various products like soyabean meal,soya flour,soya TVP chunks & granules and soya lecithin.

Other companies like Ajanta Soya, Atlas Soya, Golden Soya, Sakthi Soya, United Soyaa, Ichalkaranji Soya, Dr M Soya food, Liberty Oil mills and Tristar Soya have not been traded on the bourse for a while.

RSIL, flagship company of the Ruchi group, has a fully integrated soya processing unit. The first company in the country to export soya meals, it manufactures edible grade soya flour and textured soya proteins.