Stock Market Tips, Edible oils slip on weak signals
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Bearish overseas palm and soya oil data and ease futures kept edible oils weak on Wednesday. During the day Allana, Liberty and Golden Agri together sold about 2,000 tonnes palmolein at ₹625-630 for December and January. Resellers offloaded 200 – 250 tonnes palmolein at ₹624-628 for ready-weekly. Demand for other edible oils was lacking or isolated. Liberty: Palmolein Ex Shapur ₹655 up 10 January. Super palmolein ₹675 for 10 January. Allana: Palmolein Ex Khapoli ₹650 for 15 January. Soya refined oil ₹725 for 15 January. Sunflower refined oil ₹730 for 15 January. Ruchi: Palmolein ₹635 for 20 December. Soya oil Rs715 on 20 December and Sunflower refi.oil ₹725 for 20 December.
At Rajkot: groundnut oil Telia Tin was steady at ₹1,440 (₹1,440) and Loose (10 kg) was at ₹900 (₹900). Malaysian crude palm oil, December-17 settled lower at MYR2,349 (MYR 2,365), January-18 ease to MYR 2,415 (MYR 2,431) and February18 at MYR 2,458 (MYR 2,473). On
NCDEX: Soybean refined oil December-17 declined to ₹717.60 (₹717.50) and January-18 at ₹729.30 (₹729.65) till evening. On BCE spot rates (₹/10 kg) were: groundnut oil 930 (930), soya refined oil 705 (705), sunflower exp. ref. 665 (665), sunflower ref. 720 (720), rapeseed ref. oil 810 (810), rapeseed expeller ref. 780 (780), cottonseed ref. oil 690 (690) and Palmolein 626 (628).
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