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Baring palmolein, which rose by ₹1, all other edible oils declined on Tuesday. Soyabean and rapeseed oil lost ₹2 each, cotton and sunflower oil declined by ₹5 for 10 kg each. Groundnut oil ruled steady. In absence of demand due to month-end, the volume remained thin and isolated. Sources said that in Mumbai, thin volatility and slack physical demand kept activities dull during the day. A few resellers offloaded limited quantity of palmolein at ₹570-574 in isolated trades.
Towards the day’s close, Liberty was quoting palmolein at ₹582, super palmolein ₹602, super deluxe palmolein ₹622 and soyabean refined oil ₹655. Ruchi quoted palmolein ₹580, soyabean refined oil ₹648 and sunflower refined oil ₹665. Allana was quoting palmolein ₹580, soyabean refined oil ₹650 and sunflower refined oil ₹670. Resellers were quoting palmolein at ₹570 ex-JNPT.
Malaysia crude palm oil February contracts settled lower at MYR 2,520 (MYR 2545), March at MYR 2525 (MYR 2550) and April at MYR 2529 (MYR 2556).
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