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Improved demand and extended gains in foreign markets kept the sentiment in domestic edible oils market firm on Tuesday. Malaysian palm oil and Chicago soya oil futures were firm lifting soya oil on the NCDEX by ₹4-5 per 10 kg till evening.
On the BCE, palmolein rose by ₹1 and groundnut oil jumped by ₹20, while soya and rapeseed oil declined by ₹5 per 10 kg each. Rebound in rupee encouraged stockists to go for fresh bets as refineries offered lower rates. During the day about 2,800-3,000 tonnes of palmolein and soya oil were bought by traders.
Sources said tracking currency and foreign markets local refineries kept their rates steady. During the day Liberty sold about 500 tonnes of palmolein at ₹665-667; Golden agri sold about 1,000 tonnes palmolein at ₹664-667; Allana sold about 600 tonnes of palmolein at ₹665 and 500 tonnes of soyabean refined oil at ₹745.
Liberty: Palmolein ex Jnpt ₹685, Ex STC ₹685; sunflower refined oil ₹820. Allana: Palmolein ex Khopoli ₹680; soyabean refined oil ₹760 and sunflower refined oil ₹815. Ruchi: ex Patalganga soya refined oil ₹748 and sunflower refi. oil ₹790. Golden agri: Palmolein ex JNPT ₹665 and ex STC ₹667.
At Rajkot, groundnut oil telia tin was up ₹10 to ₹1,460 and loose (10 kg) at ₹920 (910).
BCE spot rates (₹/10 kg): groundnut oil 940 (920), soya ref. oil 740 (745), sunflower exp. ref. 745 (740), sunflower ref. 790 (790), rapeseed ref. 900 (905), rapeseed exp. ref. 870 (875), cottonseed ref. 815 (817) and palmolein 665 (664).
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