13/07/2013 (Hindu Business Line) - Edible oils market witnessed dull trading day on Friday due to heavy rain and bearish futures. Lack of demand led activities to remain isolated and very thin. Stockists preferred to stay away. In Mumbai, groundnut oil extended further gains by Rs 10 tracking continuous bullish trend in Saurashtra market. Sunflower oil was increased by Rs 5-10. Soyabean refined oil dropped Rs 4 for 10 kg. Palmolein, rapeseed and cotton oil were steady.

Towards the day’s close, Liberty was quoting palmolein at Rs 547, super palmolein Rs 582 and super deluxe Rs 602. Ruchi quoted palmolein at Rs 547-551, soyabean refined oil Rs 665 and sunflower refined oil Rs 820. Allana was quoting palmolein at Rs 542-546 and super palmolein Rs 580. Gokuls’ palmolein’s rates were Rs 546 for August.

In Rajkot, groundnut oil extended gains by Rs 40 to Rs 1,590 for telia tin and by Rs 25 to Rs 1,025 for loose (10 kg).

Malaysian BMD crude palm oil’s August contracts closed lower at MYR 2,310 (MYR 2,382), September MYR 2,300 (MYR 2,372) and October MYR 2,297 (MYR 2,363) a tonne.

The Bombay Commodity Exchange spot rates (Rs/10 kg) were: groundnut oil 990 (980), soya refined oil 661 (665), sunflower exp. ref. 760 (750), sunflower ref. 820 (815), rapeseed ref. oil 695 (695), rapeseed expeller ref. 665 (665) cottonseed ref. oil 657 (657) and palmolein 538 (538).

Vikram Global Commodities (P) Ltd quoted Rs585/10 kg for Malaysian super palmolein - July delivery.