Weak futures drag cooking oils

Edible oils prices remained under pressure on back of weak futures amid appreciating rupee. Sources said stockists came forward with fresh orders taking advantage of lower prices with cautious mood. Vikram global commodities quoted Malaysian super palmolein at ₹558. Liberty was quoting palmolein at ₹538, super palmolein ₹557 and soyabean refined oil ₹620. Ruchi’s rates: palmolein ₹530, soyabean refined oil ₹611, sunflower refined oil ₹765. In Saurashtra-Rajkot, groundnut oil telia tin declined by ₹10 to ₹1,430 and loose (10 kg) at ₹910. BCE spot rates (₹/10 kg): groundnut oil 930 (940), soya ref. 610 (610), sunflower exp. ref. 680 (685), sunflower ref. 760 (760), rapeseed ref. oil 770 (780), rapeseed exp. ref. 740 (750), cottonseed ref. oil 600 (602) and palmolein 525 (528).