Imported palmolein rose by Re 1 for 10-kg tracking firm Malaysian palm oil futures. Soya refined oil, sunflower oil and groundnut oil ruled steady while rapeseed oil dropped by Rs 5 and cotton refined oil declined by Rs 3 on rains in Maharashtra and Madhya Pradesh.A Mumbai-based broker said that due to need-based local demand in month-end activities remained routine. Hardly 450-500 tonnes of palmolein were traded during the day in which Ruchi sold about 150-200 tonnes at Rs 618-621 for August – September. About 250-300 tonnes of palmolein were resale traded in the range of Rs 610-613. Liberty was quoting palmolein at Rs 624-625 for August and Rs 627-628 for September, super palmolein at Rs 674, soya oil at Rs 752 and sunflower refined oil at Rs 772. Ruchi quoted palmolein at Rs 620 for August and Rs 623 for September. Soya refined oil was at Rs 743 for August and Rs 747 for September. Sunflower refined oil was Rs 757 for August and Rs 762 for September. Allana’s rate for palmolein was Rs 622 for 1-15 September. Vaibhavi quoted palmolein at Rs 618 for August and Rs 620 for September.

In Saurashtra cloudy weather cooled down the sentiment. In Rajkot, groundnut oil was at Rs 1,920 (Rs 1,925) for Telia tin and Rs 1,260 (Rs 1,260) for loose-10kg. On the National Board of Trade – Indore, soya refined oil August was up at Rs 778.30 (Rs 782) while September was at Rs 782 (Rs 790).

Malaysia's crude palm oil August contracts settled higher at MYR 2,980 (MYR 2,901), September at MYR 2,994 (MRY 2,915) and October at MYR 3,005 (MYR 2,927) a tonne.

The Bombay Commodity Exchange spot rates were (Rs/10 kg): groundnut oil 1,210 (1,210), soya refined oil 745 (745), sunflower exp. ref. 700 (700), sunflower ref. 760 (760), rapeseed ref. oil 890 (895), rapeseed expeller ref. 860 (865) cotton ref. oil 752 (755) and palmolein 614 (613).

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