05/09/2013 (Hindu Business Line) - Barring palmolein and rapeseed oil which rose by Rs 5 and Rs 8 for 10 kg respectively, all other edible oils ruled steady tracking weak futures and need-based demand.

Tracking weak sentiments, stockists in the local market kept away from fresh bets. Needy traders bought about 40-50 tonnes of palmolein at Rs 605 ex-JNPT in isolated resale trade.

There were no commitments directly with local refineries as their prices were higher, said sources.

Towards the day’s close, Liberty quoted palmolein at Rs 620, super palmolein Rs 650 and super deluxe Rs 670, soyabean refined oil Rs 680 and sunflower refined oil Rs 835.

Ruchi quoted palmolein at Rs 618 ex Patalganga and Rs 610 ex JNPT, soyabean refined oil Rs 677 and sunflower refined oil Rs 830.

Allana was quoting palmolein at Rs 618, super palmolein Rs 650, soyabean refined oil Rs 685 and sunflower refined oil Rs 845. Gokul’s rates were Rs 610 for palmolein.

At Rajkot, groundnut oil was steady at Rs 1,325 for telia tin and loose (10 kgs) Rs 850 .

Soyabean arrivals were 50,000 bags in Madhya Pradesh and its prices were Rs 3,350-3,450 ex mandi and Rs 3,500-3,600 for plant delivery. Mustard seed arrivals were 80,000 bags and prices were Rs 3,300-3,775.

Malaysia BMD crude palm oil’s October contracts closed lower at MYR 2,402 (MYR 2,419), November MYR 2,399 (MYR 2,417) and December at MYR 2,399 (MYR 2,419).

The Bombay Commodity Exchange spot rates (Rs/10 kg) were: groundnut oil 860 (860), soya refined oil 675(675), sunflower exp. ref. 750 (750), sunflower ref. 830(830), rapeseed ref. oil 743(735), rapeseed expeller ref. 713(705) cottonseed ref. oil 670(670) and palmolein 605(600).

Vikram Global Commodities (P) Ltd quoted Rs 660/10 kg for Malaysia super palmolein-forward delivery.