13/12/2014 (Hindu Business Line) - A weak trend was witnessed in edible oils market on the back of a bearish futures market amid slack physical demand. Lower closing of Malaysian palm oil and weak projection for Chicago soya oil futures kept players away from fresh bets. On the Bombay Commodity Exchange, barring palmolein and sunflower oil which declined by ₹1 and ₹8 for 10 kg each all other soft oils ruled steady. Vikram Global Commodities (P) Ltd quoted ₹520 for Malaysian super palm December delivery. Liberty traded palmolein at ₹482/484, super palmolein ₹500 and soyabean refined oil ₹595. Ruchi traded palmolein for ₹475/480, soyabean refined oil ₹588/590 and sunflower refined oil ₹625. Allana rates: palmolein ₹480, super palmolein ₹505, soyabean refined oil ₹595 and sunflower oil ₹630. In Saurashtra-Rajkot, groundnut oil Telia tin was steady at ₹1,330 and loose (10 kg) at ₹850.

BCE spot rates (₹/10 kg): groundnut oil 850 (840), soya refined oil 585 (585), sunflower exp. ref. 560 (568), sunflower ref. 625 (630), rapeseed ref. oil 770 (770), rapeseed expeller ref. 740 (740), cottonseed ref. oil 565 (565) and palmolein 477 (478).