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Edible oils market ruled weak on Monday tracking slack physical demand amid bearish futures. On the BCE, palmolein declined by ₹4, cotton refined oil by ₹3, sunflower oil by ₹5 and rapeseed oil dropped by ₹10 per 10 kg each. Liberty was quoting palmolein at ₹472, super palmolein ₹497 and soyabean refined oil ₹628. Ruchi’s rates: palmolein ₹465, soyabean refined oil ₹621 and sunflower refined oil ₹740. Allana traded palmolein at ₹471, soya refined ₹625 and sunflower oil ₹740.
In Saurashtra-Rajkot, groundnut oil telia tin was flat at ₹1,530 and loose (10 kg) at ₹975.
BCE spot rates (₹/10 kg): groundnut oil 970 (970), soya ref. 621 (621), sunflower exp. ref. 675 (675), sunflower ref. 740 (745), rapeseed ref. oil 920 (930), rapeseed exp. ref. 890 (900), cottonseed ref. oil 582 (585) and palmolein 456 (460).
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