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The edible oils market was dull on Thursday due to scattered physical volume amid weak overseas futures market. NCDEX and Bombay commodity exchange was closed due to Guru Nanak Jayanti . Ruchi and Liberty kept prices unchanged, while Allana lowered prices by ₹2-5 for soya and palm oil.
Malaysia crude palm oil futures closed lower for the third consecutive day, tracking losses in world commodities markets. Sources said during the day about 150-200 tonnes of palmolein changed hands at ₹495. Resellers offered palmolein at ₹497-498 but there were no demand. At the end of the day, Liberty quoted palmolein at ₹512-514, super palmolein at ₹540 and soyabean refined oil at ₹615. Ruchi was quoting palmolein ₹512, soyabean refined oil at ₹601 and sunflower refined oil at ₹631.
Allana quoted palmolein ₹507, super palmolein at ₹550, soyabean refined oil at ₹610 and sunflower oil at ₹645.
Vikram global commodities (P) Ltd quoted ₹635 for Malaysian super palmolein November delivery
Malaysia crude palm oil November contracts closed lower at MYR 2,219 (MYR 2,228), December at MYR 2,230 (MYR 2,258) and January at MYR 2,223 (MYR 2,252).
In Mumbai nominal spot rates (₹/10 kg) were: groundnut oil 860, soya refined oil 610, sunflower expeller refined 585, sunflower refined 635, rapeseed refined oil 733, rapeseed expeller refined 703, cottonseed refined oil 615 and palmolein 505.
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