Bullish reports for soyabean from overseas markets lifted futures and physical volumes in domestic markets for the second consecutive day. Over 2,000 tonnes of palmolein, soyabean and sunflower oil were bought by stockists directly from local refineries .
Liberty was quoting palmolein for ₹485 JNPT and ₹488 Mumbai, super palmolein ₹514 and soyabean refined oil ₹577. Ruchi traded palmolein at ₹491, soyabean refined oil ₹577 and sunflower refined oil ₹627. Allana’s rates: palmolein ₹492, super palmolein ₹512, soyabean refined oil ₹575 and sunflower oil ₹627. In Saurashtra-Rajkot, groundnut oil Telia tin gained ₹10 to ₹1,560 and loose (10 kg) to ₹1,000.
In Mumbai nominal spot rates (₹/10 kg): groundnut oil 960 (950), soya ref. oil 575 (573), sunflower exp. ref. 575 (575), sunflower ref. 627 (627), rapeseed ref. oil 690 (690), rapeseed exp. ref. 660 (660), cottonseed ref. oil 565 (565) and palmolein 488 (487).