05/04/2016 (Hindu Business Line) - Bullish trend continued in edible oils market on firm futures amid higher local demand. Malaysian palm oil futures closed higher snapping initial loss on fear of lower production, higher exports and decline in stocks.

The volume remained higher as stockists gave fresh orders. Liberty quoted palmolein at ₹603, super palmolein ₹614, soyabean refined oil ₹652. Ruchi’s rates: palmolein ₹608, soyabean refined oil ₹648, sunflower refined oil ₹741.

Allana traded palmolein ₹610, soya refined oil ₹650, sunflower refi ₹755. At Rajkot, groundnut oil Telia tin jumped by ₹30 to ₹1,720 and loose (10 kg) increased by ₹25 to ₹1,100. BCE spot rates (₹/10 kg): groundnut oil 1,120 (1,090), soya ref. 640 (638), sunflower exp. ref. 695 (695), sunflower ref. 738 (738), rapeseed ref. 810 (810), rapeseed exp. ref. 780 (780), cottonseed ref. 648 (646) and palmolein 598 (593).