Login ID:
Password:
Partner Login
Contact Us : 07666977977

Refined Cotton Oil Down With Other Edible Oil

14 Feb 2017 5:58 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai (Commoditiescontrol) - Refined cotton oil extended weakness in most of the spot markets of the country on Tuesday tracking other oil market.

A trader from Dhulia said, oil complex traded down in tracking weak sentiment globally coupled with outlook of rising supply in local spot market.

Refined cotton oil was also not spared as cotton oil was mostly used for blending with soy oil, but weakness in soy oil the price gap has narrowed and so the demand for blending.

Currently, the price gap between the two has narrowed to Rs 6/10kg in Dhulia market, against Rs 30 during early January.

Further to it, demand of cotton oil is gradually shifting to rival palm oil for blending as temperature has starting rising and good profit margin in blending, which is now Rs 43/10kg.

The trader concluded by saying, downside for cotton oil seen limited due to restricted farmer selling of Kapas, however, weak sentiment in the complex will limit upside.

Cotton Refine Oil Rates At Various Markets At 1330 PM (IST)

Cotton Seed Ref 14-Feb-17 13-Feb-17 Change
*Nagpur 725 735 -10
*Ahmedabad 680 690 -10
*Akola 720 730 -10
*Amravati 715 715 -
*Latur 716 719 -3
*Dhulia 726 727 -1
*Hyderabad 670 670 -
*Jalna 720 720 -
*Kadi 680 690 -10
Ludhiana 725 -
Mumbai 695 695 -
*Rajkot 685 690 -5
*Hissar 752 755 -3

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


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Indian Soybean Futures End Up At 5-Week High
RBD Palmolein Traded Steady Amid Limited Demand
Spot Cotton Oil Cake Steady Amid Limited Demand
Coconut Oil Markets Rule Steady
Spot Groundnut Seed Steady Amid Matching Supply & Deman...
more
Top 5 News
DJ Nymex/Comex Globex Metals Futures Hourly Price Updat...
Chana Gains In Spot Market Following Firm Cues On Futur...
DJ Nymex/Comex Globex Metals Futures Hourly Price Updat...
DJ Cocoa Calendar - 2017 Futures, Options Dates - Nov 2...
Guar complex Spot and Futures Up In Tandem on Strong De...
Top 5 Special Reports
All India Cotton Ginners Association Asks To Call Off S...
Technical: Jeera Unjha Spot : Expect Peak Of 19629 To B...
Technical : Dhaniya Kota Spot : Minor Pullback Is Possi...
Indian Cotton Oct Shipments Rises 63%, Y/Y, RCM Effect ...
Technical: Turmeric Nizamabad Spot: Correction Is For C...
Copyright © CC Commodity Info Services LLP. All rights reserved.