Palmolein declined by Rs 3 on Thursday on increased selling pressures in resale by speculators to fulfil advance commitments amid bearish futures markets.

Cotton refined oil dipped by Rs 4. Groundnut oil was up by Rs 5 for 10 kg tracking firm Saurashtra market.

Soyabean, sunflower and rapeseed refined oil were steady. With thin volume, sentiments remained cautious.

Soyabean arrivals were 75,000-80,000 bags including 35,000 bags in Madhya Pradesh and its prices were Rs 3,850-75 ex-mandi and Rs 3,950-75 for plant delivery. Mustard seed arrivals were 2.35-2.40 lakh bags and the prices were Rs 3,030-3,560.

Towards the day’s close, Liberty was quoting palmolein Rs 517-520, super palmolein Rs 555 and sunflower refined oil Rs 780.

Ruchi was quoting palmolein at Rs 523 ex-Patalganga, soyabean refined oil Rs 668 for June and July, sunflower refined oil Rs 765. Allana quoted soyabean refined oil at Rs 670 for July 10-17.

In Gujarat, palmolein ex-Kandla was Rs 503-508. In Saurashtra – Rajkot, groundnut oil improved by Rs 10 to Rs 1,560 for telia tin and by Rs 10 to Rs 1,010 for loose (10 kg).

Malaysian BMD crude palm oil ’s June contracts were MYR 2,335 (MYR 2,359), July MYR 2,369 (MYR 2,402) and August MYR 2,372 (MYR 2,399) a tonne.

The Bombay Commodity Exchange spot rates (Rs/10 kg): groundnut oil 1,030 (1,025), soya refined oil 667 (667), sunflower exp. ref. 675 (675), sunflower ref. 765 (765), rapeseed ref. oil 695 (695), rapeseed expeller ref. 665 (665) cottonseed ref. oil 641 (645) and palmolein 508(511).

Vikram Global Commodities, Chennai quoted Malaysian super palmolein at Rs 560 ex-Chennai.

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