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Sentiment in edible oils remained positive tracking firm futures amid improved physical demand. On the Bombay Commodity Exchange, prices for major oils ruled steady despite higher demand. A broker said, “The market witnessed a volume of over 2,000-2,200 tonnes after a long time as stockists came forward with fresh orders. Ruchi and Liberty are said to have sold about 500 and 1,500 tonnes at ₹498 and ₹502 for 10 kg each respectively. Maharashtra’s producers have signed contracts for 100-150 tonnes of soyabean refined and cotton refined oil in isolated activities. Fear about the lower crops is supporting the market.
Liberty was quoting palmolein for ₹501-503, super palmolein ₹527 and soyabean refined oil ₹590. Ruchi traded palmolein at ₹498, soyabean refined oil ₹585 and sunflower refined oil ₹645. Allana’s rates were: palmolein ₹503 and super palmolein ₹535, soyabean refined oil ₹600 and sunflower oil ₹645. In Saurashtra-Rajkot, groundnut oil Telia tin was up at ₹1,280 (1,270) and loose (10 kg) at ₹820 (815).
BCE spot rates (₹/10 kg): groundnut oil 830 (830), soya refined oil 585 (585), sunflower exp. ref. 570 (570), sunflower ref. 625 (625), rapeseed ref. oil 730 (730), rapeseed expeller ref. 700 (700), cottonseed ref. oil 570 (572) and palmolein 500 (500).
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