Edible oils witnessed a mixed trend on Thursday despite extended gain in futures markets. Palmolein rose by Re 1 and cotton refined oil increased by Rs 3. Rapeseed oil declined by Rs 2.
Groundnut, soyabean and sunflower oil ruled unchanged. Slack demand kept the volume arrested.
In Mumbai, slack middle month demand keep volume limited to ready trade. Liberty sold about 550-600 tonnes of palmolein at Rs 506 ex-JNPT.
Reduced arrivals of cotton in producing centres pushed up cotton refined oil but there were no fresh commitments. Soyabean and rapeseed / mustard seeds arrivals also declined in producing centres.
Soyabean arrivals in Madhya Pradesh were 40,000 bags and its prices were Rs 4,000-4,010 ex mandi and Rs 4,090-4,100 plant delivery. Mustard seed arrivals were 2.60 lakh bags national level and the prices were Rs 3,125-3,625.
Towards the day’s close, Liberty was quoting palmolein at Rs 506 ex-JNPT and Rs 513-514, super palmolein Rs 545 and sunflower refined oil Rs 780.
Ruchi was quoting palmolein at Rs 515 for Patalganga for May-June. Soyabean refined oil was Rs 660 for May, June, July and sunflower refined oil Rs 755 for May-June.
In Saurashtra – Rajkot, groundnut oil improved by Rs 10 to Rs 1,780 for telia tin and Rs 1,160 for loose (10 kg).
Malaysian BMD crude palm oil ’s June contracts settled higher at MYR 2,320 (MYR 2,295), July at MYR 2,324 (MYR 2,297) and August at MYR 2,314 (MYR 2,297) a tonne.
The Bombay Commodity Exchange spot rates (Rs/10 kg): groundnut oil 1,140 (1,140), soya refined oil 660 (660), sunflower exp. ref. 675 (675), sunflower ref. 755 (760), rapeseed ref. oil 688 (690), rapeseed expeller ref. 658 (660) cottonseed ref. oil 648 (645) and palmolein 506 (505).
Vikram Global Commodities, Chennai has quoted Malaysian super palmolein at Rs 553 ex-Chennai.