Imported palmolein and soya refined oil rose by Rs 4 and Rs 2 for 10 kg, as local refiners raised prices by Rs 2-3 on tight local supplies.
Rapeseed oil was up Re 1, while groundnut oil declined by Rs 10 on extended losses in main producing centres. Sunflower oil and cotton refined oil remained unchanged. Stockists covered a little for forward delivery, said traders. Crude palm oil (CPO) futures on Bursa Malaysia Derivatives (BMD) eased as traders booked profits following a slide in soya-oil futures on Chicago Board of Trade amid worries that the Euro zone debt crisis may not be resolved soon.
Allana directly sold about 500 tonnes of palmolein at Rs 526 for delivery between October 25 and November 5. Resellers traded 40-50 tonnes at Rs 527-528. Liberty offered palmolein at Rs 529 and soya oil at Rs 631. Ruchi quoted palmolein at Rs 526 and soya refined oil at Rs 629. In Saurashtra, new arrivals pulled down groundnut oil by Rs 20 to Rs 1,300 for a
Malaysia's BMD CPO's November contracts settled at MYR2,864 (MYR2,888), December at MYR2,872 (MYR2,906) and January at MYR2,876 (MYR2,915) a tonne. Soya oil for November delivery was at Rs 608.90 (Rs 609) on National Board of Trade in Indore and at Rs 613.50 (Rs 614) for December delivery.
Bombay Commodity Exchange spot rates (Rs/10 kg): groundnut oil 890 (900), soya refined oil 628 (626), sunflower exp. ref. 655 (655), sunflower ref. 725 (720), rapeseed ref. oil 691 (690), rapeseed expeller ref. 661 (660), cotton ref. oil 645 (645) and palmolein 528 (524).