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Edible oils were mixed in thin activities on Wednesday, tracking volatility in the futures market amid slack demand. Groundnut oil rose by ₹10, soyabean and sunflower oil increased by ₹5 for 10 kg each. Palmolein and cotton oil declined by ₹4 and ₹5 each. Stockists have bought enough quantity in advance and hence, kept away from fresh bets. Hopes of higher demand kept the morale positive.
Vikram Global Commodities (P) Ltd, Chennai, quoted ₹540/10 kg for October delivery of Malaysian super palmolein. Liberty was quoting palmolein at ₹522-524, super palmolein ₹554 and soyabean refined oil ₹626. Ruchi traded palmolein for ₹515, soyabean refined oil ₹620 and sunflower refined oil ₹635. Allana was quoting palmolein at ₹525, super palmolein ₹550, soyabean refined oil ₹620 and sunflower oil ₹630.
In Saurashtra-Rajkot, groundnut oil Telia gained ₹10 to ₹1,240 and loose (10 kg) increased by ₹10 to ₹790.
BCE spot rates (₹/10 kg): groundnut oil 815 (805), soya refined oil 620 (615), sunflower exp. ref. 585 (580), sunflower ref. 630 (625), rapeseed ref. oil 722 (722), rapeseed expeller ref. 692 (692) cottonseed ref. oil 635 (640) and palmolein 511 (515).
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