Oil inventories remain bloated due to the evaporation of demand for gasoline, diesel and other fuels during the initial outbreak.
“With an objective of providing stable and remunerative price to edible oilseed growers of Gujarat and become atmanirbhar in domestic edible oil production as envisaged by Prime Minister Narendra Modi, we are launching a range of edible oil under the Janmay brand,” said RS Sodhi, MD of Amul.
A total of 218,096 shares changed hands on the counter till 11:01AM (IST).
Brent crude futures inched up 3 cents to $43.32, after gaining 0.5% on Wednesday.
Here is how SMC Global expects commodities to fare today.
Brent crude futures fell 13 cents, or 0.3%, to $42.95 a barrel by 0019 GMT. U.S. West Texas Intermediate (WTI) crude futures dropped 10 cents, or 0.3%, to $40.52 a barrel.
Equity bourses in London, Paris and Frankfurt fell 1% or more, while stocks fell far less on Wall Street, with the Nasdaq trading flat to slightly higher.
This is the lowest import of RBD Palmolein since India allowed its import in 1994
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