Edible oils market ruled firm on Wednesday on back of higher volume. Extended gain in Malaysian palm oil futures and renewed demand kept sentiments positive. Local refineries kept prices higher. On the BCE, palmolein gained by₹1 and Soya oil lose by ₹2. Sources said during the day local refineries and resellers sold about 2,200 tonnes of Palmolein at ₹595-598 for ready-weekly to 15 November.

Besides that Allana sold about 800 tonnes Soyabean refined oil at ₹655 for 20 October-November. Liberty: Palmolein ex JNPT ₹618 for 10 October. Ex STC / Shapur were ₹620 / 621 for 31 October. Super palmolein ₹643 up to 31October. Allana: Palmolein Ex Khapoli ₹611 for October. Soya refined oil ₹670 for 15 October-15 November. Sunflower refined oil ₹695 for 15 November.

Ruchi: Palmolein ex Patalganga ₹595 for 10 October, ₹596 for 10-20 October and ₹597 for whole October. Soyabean refined oil ₹665 and Sunflower refined oil ₹690 for October. Golden agri: Palmolein ex JNPT ₹600 for October. At Rajkot: groundnut oil Telia Tin declined to ₹1,310 (1,320) and Loose (10 kg) by ₹10 to ₹810 (820). Malaysian crude palm oil, October- 17 futures closed higher at MYR 2,727 (MYR 2,704) and November -17 ended higher at MYR2,719 (MYR 2,686). On NCDEX: Soyabean refined oil October-17 futures was ₹661.50 (660.65) and November-17 was at ₹663.70 (663.15) in evening. On BCE spot rates (₹/10 kg) were: groundnut oil 850 (850), soya refined oil 660 (662), sunflower exp. ref. 630 (630), sunflower ref. 690 (690), rapeseed ref. oil 780 (790), rapeseed expeller ref. 750 (760), cottonseed ref. oil 670 (670) and Palmolein 596 (595).

Related Topics