Activities improved in edible oils market on Wednesday on renewed local demand ahead of the festival starting from Friday. However, prices remain steady to slightly weak in Mumbai as local refineries have sold palmolein oils at lower rates. On the Bombay Commodity Exchange, palmolein and cotton refined oil declined by ₹1 and ₹2 each.
Vikram Global Commodities, Chennai, has quoted ₹535/10 kg for September delivery of Malaysian super palmolein. Liberty was quoting palmolein at ₹495/498, super palmolein at ₹520 and refined soyabean oil at ₹595. Ruchi was quoting palmolein at ₹495, refined soyabean oil at ₹592 and sunflower refined oil at ₹590. Allana was quoting palmolein at ₹525, super palmolein at ₹550, oyabean refined oil at ₹610 and sunflower oil at ₹600. Resellers were offering palmolein at ₹495-497.
In Saurashtra, Rajkot Groundnut Telia tin declined by ₹20 to ₹1,180 and loose (10 kg) dropped by ₹10 to ₹750.
BCE spot rates (₹/10 kg): groundnut oil 765 (765), soya refined oil 590 (590), sunflower exp ref 540 (540), sunflower ref 590 (590), rapeseed ref oil 714 (714), rapeseed expeller ref 684 (684) cottonseed ref oil 623 (625) and palmolein 497 (498).
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