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The edible oils market witnessed a firm trend on Monday on the back of higher physical demand amid bullish domestic futures. However, Malaysian palm oil futures closed lower as demand eased.
On the Bombay Commodity Exchange, imported palmolein and soyabean refined oil ruled steady. Cotton and rapeseed refined oils were unchanged. Groundnut and sunflower oil increased by ₹5 for 10 kg each. Higher volume and expectation of higher demand for new month kept the morale positive, said sources.
Liberty traded palmolein for ₹570 for August 20, super palmolein ₹590, soyabean refined oil ₹642. Ruchi was quoting palmolein at ₹568, soyabean refined oil ₹635 And sunflower refined oil ₹632. Allana was quoting palmolein at ₹568 , soyabean refined oil ₹636 and sunflower refined oil ₹637 all for September. In Saurashtra, groundnut telia tin was up ₹10 to ₹1,230 and loose (10 kg) at ₹785 (₹780).
BCE spot rates (₹/10 kg): groundnut oil 785 (780), soya refined oil 640 (640), sunflower exp. ref. 580 (575), sunflower ref. 645 (640), rapeseed ref. oil 726 (726), rapeseed expeller ref. 696 (696) cottonseed ref. oil 655 (655) and palmolein 570 (570).
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