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Edible oils market witnessed a weak trend on Monday tracking bearish futures amid limited physical demand. Local refineries kept their rates steady. On the Bombay Commodity Exchange, groundnut oil rose by ₹10 while palmolein declined by ₹1 for 10 kg each. Vikram Global Commodities quoted ₹545 for Malaysian super palm June delivery. Liberty was quoting palmolein at ₹511 JNPT, super palmolein ₹537 and soyabean refined oil ₹595. Ruchi’s rates: palmolein ₹507, soyabean refined oil ₹590, sunflower refined oil ₹690. Allana traded palmolein for ₹509, super palmolein ₹537, soyabean refined oil ₹592 and sunflower oil ₹695. In Saurashtra-Rajkot, groundnut oil Telia tin ruled steady at ₹1,560 and loose (10 kg) at ₹1,000.
BCE spot rates (₹/10 kg): groundnut oil up at 965 (955), soya ref. 590 (590), sunflower exp. ref. 640 (640), sunflower ref. 690 (695), rapeseed ref. oil 875 (875), rapeseed exp. ref. 845 (845), cottonseed ref. oil 610 (610) and palmolein 505 (506).
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