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Edible oils ruled steady despite normal physical volume and firm futures on Tuesday. Weakness in rupee lifted the sentiment as it makes imports costly. Local refineries kept their rates steady. On the Bombay Commodity Exchange, groundnut oil rose by ₹10 and palmolein by ₹1. Vikram Global Commodities quoted ₹545 for Malaysian Super Palm June delivery. Liberty was quoting palmolein at ₹511 JNPT, super palmolein ₹537 and soyabean refined oil ₹595. Ruchi’s rates: palmolein ₹507, soyabean refined oil ₹590 and sunflower refined oil ₹690. Allana traded palmolein at ₹512, super palmolein ₹540, soyabean refined oil ₹595 and sunflower oil ₹695. In Saurashtra-Rajkot, groundnut oil Telia tin was unchanged at ₹1,560 and loose (10 kg) at ₹1,000.
BCE spot rates (₹/10 kg): groundnut oil up at 955 (965), soya ref. oil 590 (590), sunflower exp. ref. 635 (635), sunflower ref. 690 (690), rapeseed ref. oil 875 (875), rapeseed exp. ref. 845 (845), cottonseed ref. oil 610 (610) and palmolein 506 (505).
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