Edible oils market witnessed a mixed trend on Monday.

Groundnut and soyabean oil ruled unchanged despite firm futures market.

Cotton oil dropped by Rs 4; sunflower oil up by Rs 5; rapeseed oil increased by Rs 3 and palmolein rose by Rs 1.

Liberty sold 150-200 tonnes of palmolein at Rs 516-518; Ruchi sold 150-200 tonnes at Rs 513 ex-JNPT and 80-100 tonnes of sunflower refined oil at Rs 771.

Resellers sold 150-200 tonnes palmolein at Rs 512 for ready delivery ex-JNPT.

At the close of the day, Liberty quoted palmolein at Rs 516-518; super palmolein Rs 550 and sunflower refined oil Rs 780.

Ruchi quoted palmolein at Rs 518 Patalganga and Rs 513 JNPT; soyabean ref oil Rs 680 for April; Rs 685 for May 1-15; sunflower ref oil Rs 771.

Allana quoted super palmolein at Rs 548.

In Saurashtra – Rajkot, on higher demand, groundnut oil was up by Rs 10 to Rs 1,940 (Rs 1,930) for telia tin and Rs 1,260 (Rs 1,250) for loose 10 kg.

On the National Commodities and Derivatives Exchange, soyabean ref oil’s May futures were up by Rs 10.65 to Rs 707.95 (Rs 697.30); June inched up by Rs 7.15 to Rs 692.00 (Rs 684.85) and July higher by Rs 5.90 to Rs 683.55 (Rs 677.65).

In Malaysia, BMD crude palm oil May futures settled higher at MYR 2,392 (MYR 2,353); June was MYR 2,400 (MYR 2,359) and July at MYR 2,406 (MYR 2,366) a tonne.

The Bombay Commodity Exchange spot rates (Rs/10 kg) were: Groundnut oil 1,230 (1,230), soya refined oil 675 (675), sunflower exp. ref. 680 (675), sunflower ref. 770 (765), rapeseed ref. oil 708 (705), rapeseed expeller ref. 678 (675) cottonseed ref. oil 638 (642) and palmolein 511 (510).

Vikram Global Commodities, Chennai, has quoted Malaysian super palmolein at Rs 544 ex-Chennai at $906 CIF delivery 10-12 days.

(This article was published on April 8, 2013)
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