Edible oils were mixed in the oils and oilseeds market on Tuesday.

Groundnut oil dropped, sunflower and palmolein ruled steady, while soyabean, cotton and rapeseed oil increased by Rs 2 each for 10 kg.

Lacklustre local demand and cautious mood in the Malaysian palm oil futures prior to industry data on Wednesday kept the overall volume thin, -sentiments calm in local market said sources.

During the day, about 250-300 tonnes of palmolein were traded in resale at Rs 510-511.

At the close of the day, Liberty was quoting palmolein at Rs 516-518, super palmolein at Rs 550 and sunflower refined oil at Rs 780.

Ruchi quoted palmolein Rs 518 for Patalganga and Rs 514 ex-JNPT, soyabean refined oil at Rs 680 for April, Rs 685 for May 1-15, sunflower refined oil at Rs 771.

Allana quoted super palmolein at Rs 550. On the National Commodities and Derivatives Exchange, soyabean refined oil May futures extended gain further by Rs 5.30 to Rs 713 (Rs 707.70), June inched up by Rs 4.15 to Rs 696.35 (Rs 692.20) and July by Rs 2.80 to Rs 686.50 (Rs 683.70).

In Malaysia , crude palm oil May contracts settled lower at MYR 2,383 (MYR 2,392), June at MYR 2,395 (MYR 2,400) and July at MYR 2401 (MYR 2,406) a tonne.

The Bombay Commodity Exchange spot rates (Rs/10 kg) : groundnut oil 1,225 (1,230), soya refined oil 677 (675), sunflower exp. ref. 680 (680), sunflower ref. 770 (770), rapeseed ref. oil 710 (708), rapeseed expeller ref. 680 (678) cottonseed ref. oil 640 (638) and palmolein 511 (511).

Vikram Global Commodities, Chennai, quoted Rs 544 ex-Chennai for Malaysian super palmolein to be delivered in 10-12 days.

Related Topics