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The edible oils market ruled steady on Monday on thin physical demand while on the futures market, it rose over one per cent for soya oil, tracking firm Malaysian palm oil and Chicago soya oil futures. On the Bombay Commodity Exchange, soyabean and rapeseed refined oil declined by ₹1 and ₹3 for 10 kg each. The extended loss in the rupee also weighed on the market as it makes import costlier. Indigenous edible oils were under pressure as new arrivals have started and lack of demand.
Vikram Global Commodities (P) Ltd, Chennai, quoted ₹535/10 kg for October delivery of Malaysian super palmolein. Liberty was quoting palmolein at ₹515-517, super palmolein ₹547 and soyabean refined oil ₹618. Ruchi traded palmolein for ₹512, soyabean refined oil ₹612 and sunflower refined oil ₹625. Allana was quoting palmolein ₹525, super palmolein ₹550, soyabean refined oil ₹613 and sunflower oil ₹620.
In Saurashtra-Rajkot, Groundnut oil Telia declined to ₹1,175 (₹1,180) and loose (10 kg) at ₹750 (₹750).
BCE spot rates (₹/10 kg): groundnut oil 790 (790), soya refined oil 610 (611), sunflower exp. ref. 570 (570), sunflower ref. 615 (615), rapeseed ref. oil 723 (726), rapeseed expeller ref. 693 (696) cottonseed ref. oil 638 (638) and palmolein 508 (508).
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