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Edible oils ruled firm on Monday, tracking firm Malaysian palm oil futures which extended gain for second consecutive day. Local refineries increased their rates for palmolein and soya oil by ₹3 for 10 kg on the back of higher demand. Sources said that local stockists came forward with fresh orders for forward purchase. Liberty, Ruchi and Allana together have sold about 750-800 tonnes of palmolein at ₹603-605 and 100-150 tonnes sunflower refined oil at ₹662. Resellers offloaded 150-200 tonnes palmolein at ₹600-601. Indigenous edible oils were also showing slight current on renewed demand from brands.
Vikram Global Commodities (P) Ltd quoted ₹630/10 kg for Malaysia super palmolein. Liberty was quoting palmolein at ₹608, super palmolein ₹628 and soyabean refined oil ₹655. Ruchi quoted palmolein at ₹605, soyabean refined oil ₹655 and sunflower refined oil ₹665. Allana was quoting palmolein at ₹604-605, soyabean refined oil ₹656 and sunflower refined oil ₹665.
At Rajkot, groundnut oil telia tin was flat at ₹1,110 and loose (10 kg) at ₹700. In Mumbai nominal spot rates (₹/10 kg) were: groundnut oil 735 (730), soya refined oil 655 (652), sunflower exp. ref. 610 (605), sunflower ref. 670 (665), rapeseed ref. oil 675 (672), rapeseed expeller ref. 645 (642) cottonseed ref. oil 658 (655) and palmolein 601 (598).
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