Edible oils rule weak

Edible oils ruled weak on Monday tracking bearish futures amid slack demand. Allana sold over 1,000 tonnes of palmolein at ₹575. In Rajkot, groundnut oil telia tin sold at ₹1,490 (₹1,490) and loose (10 kgs) at ₹940 (₹940). Liberty ’s reduced its rates for Palmolein (Ex STC / Shapur) to ₹591/ ₹592 for March 15. Super palmolein was at ₹612 and Soyabean refined oil (ex Shapur) at ₹670 for 15 March. Allana’s ratesfor Palmolein were (ex-Khopoli / ex-IVP) at ₹598 / ₹595 for March 30.