Edible oils ruled firm on Wednesday on back of higher volumes tracking extended gain in the futures market. Imported palmolein and soyabean refined oil increased by ₹2 and ₹3 for 10 kg each. Rapeseed oil was up ₹3. Groundnut, sunflower and cotton oil ruled steady but undercurrent was firm. Tracking bullish futures markets local stockists continued with fresh forward commitments.

Liberty sold 1,800-2,000 tonnes of palmolein at ₹607-608 and soyabean refined oil 200-250 tonnes at ₹655. Ruchi sold 500-600 tonnes of palmolein at ₹607-610 and sunflower oil 250-300 tonnes at ₹655-658. Allana offloaded 400-450 tonnes of palmolein at ₹608 and sunflower refined oil 450-500 tonnes at ₹654. Vikram Global Commodities (P) Ltd quoted ₹632/10 kg for Malaysia super palmolein. Liberty was quoting palmolein at ₹610, super palmolein ₹631 and soyabean refined oil ₹660. Ruchi quoted palmolein at ₹610 for April-May, soyabean refined oil ₹660 for May and sunflower refined oil ₹660 for May. Allana was quoting palmolein ₹609 for April-May, soyabean refined oil ₹660 for May15- 31 and sunflower refined oil ₹660 for May. Resellers were quoting palmolein at ₹604 ex JNPT and ₹608 in Mumbai. At Rajkot, groundnut oil Telia tin was ₹1,100 (₹1,110) and loose (10 kg) at ₹690 (₹695).

Malaysia BMD crude palm oil’s May futures settled higher at MYR 2,736 (MYR 2,692), June MYR 2,700 (MYR 2,663) and July MYR 2,684 (MYR 2,647).

BCE spot rates (₹/10 kg) were: groundnut oil 740 (740), soya refined oil 655 (652), sunflower exp. ref. 605 (605), sunflower ref. 657 (665), rapeseed ref. oil 676 (673), rapeseed expeller ref. 646 (643) cottonseed ref. oil 655 (655) and palmolein 606 (605).

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