Commodity News
HeadLine : Slack physical demand drags edible oils down
Date : May 29 2017
Weak futures and slack physical demand dragged edible oils prices on Friday.Liberty’s rates for Palmolein Ex STC / Shapur were ?572 / ?573 for May. Super palmolein at ?593 for May .Allana’s ratesfor Palmolein were ex Khapoli / IVP ?572 / ?575 for 15-30 June.Golden Agri was quoting palmolein at ?563 for 10 June.At Rajkot, groundnut oil Telia tin was ?1,480 (1,475) and Loose (10 kg) to ?930 (925).On The Bombay Commodity Exchange the spot rates (?/10 kg) on Friday were: groundnut oil: 980 (980), soya refined oil: 630 (632), sunflower exp. ref: 595 (595), sunflower ref: 660 (662), rapeseed ref. oil: 730 (730), rapeseed expeller ref: 700 (700), cottonseed ref. oil: 642 (644) and Palmolein: 562 (564).

Source: Business Line
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