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Edible oils slip on bearish cues

Edible oils slip on bearish cues

JULY 10 2018

 

Edible oils ruled weak on Tuesday tracking bearish futures amid slack physical demand. On the Bombay Commodity Exchange, palmolein declined by 2 per 10 kg as local refineries reduced their rates.

 

Rapeseed and cotton oil increased by 5 and 3 each. At Rajkot, groundnut oil Telia tin eased by 10 to 1,270 and loose (10 kg) at 770 (780). BCE spot rates (/10 kg): groundnut oil 830 (830), soya ref. 760 (760), sunflower exp. ref. 760 (760), sunflower ref. 795 (795), rapeseed ref. 865 (860), rapeseed exp. ref. 835 (830), cottonseed ref. 783 (780) and palmolein 698 (700).

 

Source:https://www.thehindubusinessline.com

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