Edible oils witnessed thin volatility with lower volume on Wednesday, tracking weak Malaysian palm oil futures amidst slack demand. Prices were mixed on the Bombay Commodity Exchange. Groundnut and rapeseed oil declined by ₹10 each for 10 kg, soya oil eased by ₹1 on weak reports from producing centres. Cotton and palmolein rose by ₹4 and ₹3 each. Sunflower oil ruled unchanged. Local refineries kept their rates steady, tracking overnight bearish overseas signs. Volumes remained limited in re-sales with isolated trade due to month-end eased demand.

During the day, hardly 100-150 tonnes of palmolein were resold in the range of ₹599-600 in Patalganga and ₹606-607 in Mumbai. Indigenous edible oils were under pressure on reports of new arrivals of seeds in producing centres. At the end of the day, Liberty was quoting palmolein at ₹508-511 for March, super palmolein at ₹531 for March and soyabean refined oil at ₹610 for March.

Ruchi was quoting palmolein at ₹508 for March, soyabean refined oil at ₹605 and sunflower refined oil at ₹625.

Allana was quoting palmolein at ₹509 for March 25, super palmolein at ₹534, soyabean refined oil at ₹605, sunflower oil at ₹625.

In Saurashtra – Rajkot, groundnut oil extended further loss with Telia tin declining by ₹20 to ₹1,445 (₹1,465) and loose (10 kg) dropped by ₹5 to ₹925 (930).

On The Bombay Commodity Exchange spot rates (₹/10 kg) were: groundnut oil 920 (930), soya refined oil 604 (605), sunflower exp. ref. 575 (575), sunflower ref. 625 (625), rapeseed ref. oil 715 (725), rapeseed expeller ref. 685 (695) cottonseed ref. oil 577 (573) and palmolein 505 (502).

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