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Imported palmolein jumped by ₹7 and soya oil by ₹1 as local refineries raised their rates tracking weak rupee which makes imports costly. Being cheaper alternative, cotton refined oil also went up by ₹3 for 10 kg. Sunflower and rapeseed oil ruled steady while groundnut oil lost ₹5.
Vikram Global Commodities (P) Ltd quoted ₹535 for Malaysian super palm February delivery. Liberty was quoting palmolein at ₹520 (ex JNPT), super palmolein ₹543. Ruchi was quoting palmolein for ₹520, soyabean refined oil ₹618, sunflower refined oil ₹638. Allana’s rates: palmolein ₹519, super palmolein ₹543, soyabean refined oil ₹620, sunflower oil ₹637. In Saurashtra-Rajkot, groundnut oil Telia tin declined to ₹1,530 (1,560) and loose (10 kg) to ₹990 (1,000).
BCE spot rates (₹/10 kg): groundnut oil 980 (985), soya refined oil 620 (619), sunflower exp. ref. 590 (590), sunflower ref. 635 (635), rapeseed ref. 740 (740), rapeseed exp. ref. 710 (710), cottonseed ref. 585 (582) and palmolein 512 (505).
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