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Bearish futures amid slack physical demand kept edible oils markets under pressure on Tuesday but tracking weak local currency and mixed Malaysia palm oil data kept the sentiment cautious. On the Bombay Commodity Exchange, barring palmolein and soya oil, all other edible oils remained unchanged. The volume was thin as stockists stayed away.
Liberty was quoting palmolein at ₹518-521, super palmolein ₹541. Ruchi traded palmolein for ₹514, soyabean refined oil ₹618 and sunflower refined oil ₹638. Allana’s rates: palmolein ₹521, super palmolein ₹543, soyabean refined oil ₹618, sunflower oil ₹637. In Saurashtra-Rajkot, groundnut oil Telia tin was up at ₹1,540 (1,530) and loose (10 kg) was flat at ₹990.
BCE spot rates (₹/10 kg): groundnut oil 980 (980), soya ref. 619 (620), sunflower exp. ref. 590 (590), sunflower ref. 635 (635), rapeseed ref. 740 (740), rapeseed exp. ref. 710 (710), cottonseed ref. 585 (585) and palmolein 511 (512).
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