New Delhi (PTI): Barring a rise in palmolein and crude palm oil, select edible and non-edible oils lost in the national capital during the week ended on Saturday, on restricted buying in the face of adequate stocks positions.
The market witnessed an adequate stocks position after fresh import by the government and a ban on export of edible oil for at least one year. Vegetable oil imports rose by 48 per cent in February to 7.62 lakh tonnes. Stockists indulged in releasing their holdings on fears of more arrivals after the government scrapped a 20 per cent import duty on crude soyaoil.
Full Story: Edible oils fall on increased supply, subdued demand - Hindu
The market witnessed an adequate stocks position after fresh import by the government and a ban on export of edible oil for at least one year. Vegetable oil imports rose by 48 per cent in February to 7.62 lakh tonnes. Stockists indulged in releasing their holdings on fears of more arrivals after the government scrapped a 20 per cent import duty on crude soyaoil.
Full Story: Edible oils fall on increased supply, subdued demand - Hindu
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