Extended gains in domestic and overseas futures lifted edible oil prices in spot on Tuesday. . The volume was higher and about 2,500-3000 tonnes of edible oils were sold during the day in physical markets, sources said.

On the Bombay Commodity Exchange, imported palmolein rose by ₹2, while soyabean and sunflower refined oil ruled steady. Groundnut and rapeseed oil increased by ₹10 and ₹7 for 10 kg each. Cotton refined oil declined by ₹2. Sources said that tracking firm opening of the Malaysian palm oil futures, local refineries increased their rates for palm oil by ₹6-7. Mumbai-based refineries sold about 500-700 tonnes of palmolein at ₹610, while resellers offloaded 400-500 tonnes at ₹606-607. Ruchi sold about 750-800 tonnes of soyabean refined oil and 250-300 tonnes of sunflower refined oil at ₹660. Allana sold about 250-300 tonnes of sunflower oil at ₹659 and 300-350 tonnes soyabean refined oil at ₹662.

Liberty quoted palmolein at ₹612, super palmolein ₹632 and soyabean refined oil ₹665. Ruchi quoted palmolein ₹612, soyabean refined oil ₹660 and sunflower refined oil ₹660. Allana was quoting palmolein at ₹611, soyabean refined oil ₹662 and sunflower refined oil ₹659. At Rajkot, groundnut oil Telia tin was ₹1,130 (₹1,130) and loose (10 kg) was ₹720 (₹720).

Malaysia BMD crude palm oil’s May futures settled higher at MYR 2,730 (MYR 2,695), June MYR 2,696 (MYR 2,655) and July MYR 2,683 (MYR 2,642).

BCE spot rates (₹/10 kg): groundnut oil 760 (750), soya refined oil 660 (660), sunflower exp. ref. 600 (600), sunflower ref. 660 (660), rapeseed ref. oil 692 (685), rapeseed expeller ref. 662 (655) cottonseed ref. oil 658 (660) and palmolein 606 (604).

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