Edible oils market ruled steady after weak opening on Tuesday tracking gain in Malaysian palm oil futures. Ease physical demand kept prices under check. On BCE soyabean, sunflower and cotton oil decline by ₹1, ₹5 and ₹6 each. Groundnut oil witnessed hefty loss of ₹30. Palmolein gain by ₹2. Soya oil futures on the NCDEX remained range bound with thin volatility.

Sources said market opened with weak but later bounced back in Malaysian palm oil futures supported the sentiments. Stockists stayed away from forward bulk buys. During the day hardly 250-300 tonnes of Palmolein was resold at ₹590-596 for ready – weekly. Allana sold about 700 tonnes Soyabean refined oil at ₹651 for November demand for indigenous edible oils was lacking as new arrivals kept them under pressure.

Liberty: Palmolein ex JNPT ₹616 for 10 October. Ex STC / Shapur were ₹618 / ₹619 for 31 October. Super palmolein Rs ₹641 up to 31October.

Allana: Palmolein Ex Khapoli ₹611 for 1-20 October. Soya refined oil ₹675 for 15 October- 15 November. Sunflower refined oil ₹695 for 15 November.

Ruchi: Palmolein ex Patalganga ₹596 for 10 October, ₹597 for 10-20 October and ₹598 for whole October. Soyabean refined oil ₹665 and Sunflower refined oil ₹690 for October.

Golden agri: Palmolein ex JNPT ₹600 for Oct. Emami: Palmolein ex JNPT ₹600.25 for October.

At Rajkot: groundnut oil Telia Tin declined by ₹20 to ₹1,320 (1,340) and Loose (10 kg) by ₹10 to ₹820 (830).

Malaysian crude palm oil, Oct- 17 futures closed higher at MYR 2,704 (MYR 2,689) and November -17 ended higher at MYR2,686 (MYR 2,665).

On NCDEX: Soyabean refined oil October-17 futures was at ₹662.20 (₹662.00) and November-17 was at ₹664.60 (₹664.70).

On BCE spot rates (₹/10 kg) were: groundnut oil 850 (880), soya refined oil 662 (663), sunflower exp. ref. 630 (635), sunflower ref. 690 (695), rapeseed ref. oil 790 (790), rapeseed expeller ref. 760 (760), cottonseed ref. oil 670 (676) and Palmolein 595 (593).

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