29/05/2014 (Hindu Business Online) - A steady trend was witnessed in edible oils market on Wednesday, tracking thin volatility in futures markets amid limited physical demand. Barring rapeseed oil and sunflower expeller refined oil, which declined by ₹5-10 for 10 kg, all other edible oils ruled steady. Malaysian crude palm oil closed flat on hopes of higher demand at lower level. Sources said the market was cautious, tracking high volatility in currency and futures markets. During the day, Liberty and Ruchi together sold about 850-900 tonnes of palmolein at ₹573. Liberty was quoting palmolein at ₹573, super palmolein ₹588 and soyabean refined oil ₹665. Ruchi was trading palmolein for ₹573; Allana at ₹573/576 ex JNPT/Khapoli, soyabean refined oil ₹667 and sunflower refined oil ₹670. Resellers were offering palmolein at ₹570 ex JNPT. Mewah quoted palmolein at ₹576 and super palmolein ₹586.

In Saurashtra, groundnut oil Telia tin was ₹1,115 (₹1,110) and loose (10 kg) was ₹695 (₹695). Malaysia crude palm oil June closed at MYR 2,508 (MYR 2,509), July at MYR 2,505 (MYR 2,505) and August at MYR 2,503 (MYR 2,505).

BCE spot rates (₹/10 kg): groundnut oil 750 (750), soya refined oil 660 (660), sunflower exp. ref. 580 (590), sunflower ref. 665 (665), rapeseed ref. oil 675 (680), rapeseed expeller ref. 645 (650) cottonseed ref. oil 650 (650) and palmolein 572 (572).