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Refined Cotton Oil Down; Tracks Other Edible Oils

13 Feb 2017 5:31 pm
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Mumbai (Commoditiescontrol) - Refined cotton oil traded down in most of the spot markets of the country on Monday amid weakness in other edible oils.

A trader from Khamgaon said, refined cotton oil was pressured as supply of edible oil seen rising with better availability of cotton seed.

Prices of refined soy oil and palm oil were down at local spot markets tracking weakness in Malaysian palm oil and U.S soy oil futures since early trade today.

In addition to it, price gap between refined soy oil and cotton oil has reduced to Rs 9/10kg against against Rs 30 during early January, which is also seen negative for commodity as cotton oil is mostly used for blending with soy oil.

However, downside for cotton oil may remain steady or fall limited as farmer selling of Kapas is restricted for future monetary requirement and are busy for selling their Rabi harvested crops.

Cotton Refine Oil Rates At Various Markets At 1330 PM (IST)
Cotton Seed Ref 13-Feb-17 11-Feb-17 Change
*Nagpur 735 737 -2
*Ahmedabad 690 698 -8
*Akola 730 732 -2
*Amravati 715 725 -10
*Latur 719 722 -3
*Dhulia 727 727 -
*Hyderabad 670 675 -5
*Jalna 720 720 -
*Kadi 690 698 -8
Mumbai 695 700 -5
*Rajkot 690 698 -8
*Hissar 755 758 -3

(By Commoditiescontrol Bureau; +91-22-40015516)


       
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