Edible oils market witnessed dull trading tracking bearish futures and isolated physical demand.
Malaysian palm oil and domestic soya oil futures continued bearish trend as cautious traders eyed the impacts of Greece on its debt repayment. Local refineries further reduced their rates by ₹2-3 for 10 kg.
Ample supply weighs on sentiment, said sources.
Liberty was quoting palmolein at ₹501, super palmolein ₹533 and soyabean refined oil ₹591. Ruchi’s rates: palmolein ₹500, soyabean refined oil ₹585, sunflower refined oil ₹690. Allana traded palmolein for ₹505, super palmolein ₹535, soyabean refined oil ₹587, sunflower oil ₹692.
In Saurashtra-Rajkot, groundnut oil Telia tin jumped to ₹1,630 (1,610) and loose (10 kg) at ₹1,050 (1,040).
BCE spot rates (₹/10 kg): groundnut oil 970 (960), soya refined oil 590 (588), sunflower exp. ref. 615 (625), sunflower ref. 690 (690), rapeseed ref. oil 878 (878), rapeseed exp. ref. 848 (848), cottonseed ref. oil 608 (610) and palmolein 500 (501).
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