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Edible oils market ruled mixed on Friday on back of weak futures amid slack demand. Soyabean and sunflower oil declined by ₹8 and ₹10 each while groundnut oil rose by ₹5. Palmolein, cotton and rapeseed oil were unchanged. Morale was cautious and slightly weak, said an observer.
Arrivals of monsoon rain after a month-long dry spell in producing centres has increased hopes of speedy kharif sowing. During the day, hardly 400-500 tonnes of palmolein and 250-300 tonnes of soyabean refined oil were bought by stockists. Liberty was quoting palmolein at ₹568, super palmolein ₹585 and soyabean refined oil ₹650. Ruchi traded palmolein for ₹565-568, soyabean refined oil ₹640-643 and sunflower refined oil ₹643-646. In Saurashtra, groundnut oil telia tin lost ₹10 to ₹1,215 and loose (10 kg) at ₹775 (₹785).
BCE spot rates (₹/10 kg): groundnut oil 785 (780), soya refined oil 642 (650), sunflower exp. ref. 580 (590), sunflower ref. 645 (650), rapeseed ref. oil 698 (698), rapeseed expeller ref. 668 (668) cottonseed ref. oil 665 (665) and palmolein 565 (565).
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