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Edible oils market witnessed a bearish trend on the back of bearish futures, higher selling pressure amid slack physical demand. On the Bombay Commodity Exchange, imported palmolein and soya oil declined by ₹3 for 10 kg each. Sunflower oil dropped by ₹5. Liberty was quoting palmolein at ₹482, super palmolein ₹507 and soyabean refined oil ₹615. Ruchi’s rates: palmolein ₹480, soyabean refined oil ₹605 and sunflower refined oil ₹750. Allana traded palmolein for ₹480, super palmolein ₹515, soya refined oil ₹615 and sunflower oil ₹755. In Saurashtra-Rajkot, groundnut oil telia tin was steady at ₹1,300 and loose (10 kg) at ₹825 (830).
BCE spot rates (₹/10 kg): groundnut oil 860 (860), soya ref. 602 (605), sunflower exp. ref. 665 (670), sunflower ref. 750 (750), rapeseed ref. oil 1,010 (1,010), rapeseed exp. ref. 980 (980), cottonseed ref. oil 590 (590) and palmolein 475 (478).
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