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Edible oils markets witnessed a bearish trend on Monday tracking sharp drop in futures amid lack of demand. The volume remained thin and isolated. On the Bombay Commodity Exchange, imported palmolein and soyabean refined oil lost ₹3/10 kg each and cotton refined oil ₹2. Vikram Global Commodities (P) Ltd, Chennai, quoted ₹532/10 kg for September delivery of Malaysian Super Palmolein. Liberty was quoting palmolein at ₹505-507, super palmolein ₹537and soyabean refined oil ₹610. Ruchi’s rates were: palmolein ₹505, soyabean refined oil ₹597 and sunflower refined oil ₹601. Allana was quoting palmolein at ₹515, super palmolein ₹540, soyabean refined oil ₹610 and sunflower oil ₹620.
In Saurashtra-Rajkot, groundnut oil Telia was ₹1,185 (₹1,180) and loose (10 kg) at ₹755 (₹755). BCE spot rates (₹/10 kg): groundnut oil 785 (785), soya refined oil 602 (605), sunflower exp. ref. 575 (575), sunflower ref. 615 (615), rapeseed ref. oil 730 (730), rapeseed expeller ref. 700 (700) cottonseed ref. oil 638 (640) and palmolein 502 (505).
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