Sentiment in edible oils market remained positive on Thursday despite thin physical volumes and bearish domestic soya oil futures. Malaysian palm oil futures closed steady. On the Bombay Commodity Exchange, soya and sunflower refined oil declined by ₹5/10 kg each. Cotton refined and palmolein dropped by ₹1 each, while groundnut oil was up ₹10. Local refineries reduced their rates for imported oils.
Vikram Global Commodities (P) Ltd quoted ₹545 for Malaysian palm for June delivery. Liberty was quoting palmolein at ₹511 JNPT, super palmolein ₹539 and soyabean refined oil ₹603. Ruchi traded palmolein at ₹510 JNPT, soyabean refined oil ₹595, sunflower refined oil ₹695. Allana’s rates: palmolein ₹513 JNPT, super palmolein ₹540, soyabean refined oil ₹601 and sunflower oil ₹705. In Saurashtra-Rajkot, groundnut oil Telia tin ruled steady at ₹1,560 and loose (10 kg) at ₹1,000.
BCE spot rates (₹/10 kg): groundnut oil up at 960 (950), soya ref. 595 (600), sunflower exp. ref. 640 (640), sunflower ref. 695 (700), rapeseed ref. oil 880 (880), rapeseed exp. ref. 850 (850), cottonseed ref. oil 608 (609) and palmolein 506 (507).
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