23/05/2017 (Hindu Business Line) - Sentiments in edible oils market remained firm on Monday tracking firm futures amid renew physical demand. Malaysian palm oil and Chicago soya oil showed firm tend lifting domestic soya oil futures higher. Local refineries have increased their rates in line with foreign markets.

Liberty’s rates for Palmolein Ex Shapur were ₹582 for May. Super palmolein at ₹602 for May and Soyabean refined oil ex Shapur ₹645 for May.

Allana’s ratesfor Palmolein were was ₹583 / Rs ₹586 ex Khapoli / IVP for 15-30 June. Soya refined oil ₹642 for 1-30 June. Sunflower refined oil ₹675 up to 30June. Golden Agri was quoting palmolein at ₹572 / ₹573 for ready / 1- 10 June. At Rajkot, groundnut oil Telia tin up at ₹1,520 (1,510) and Loose (10 kg) at ₹965 (960).

On National Commodities and Derivatives Exchange Soyabean refined oil June -17 futures was up ₹638.35 (635.50) and June-17 was at ₹639.80 (636.80). Malaysian crude palm oil June-17 futures settled at MYR 2,900 (MYR 2,885) and July-17 ended at MYR2,779 (MYR 2,759). On The Bombay Commodity Exchange spot rates (₹/10 kg) were: groundnut oil 1,020 (1,020), soya refined oil 630 (620), sunflower exp. ref. 590 (590), sunflower ref. 662 (660), rapeseed ref. oil 740 (740), rapeseed expeller ref. 710 (710), cottonseed ref. oil 640 (633) and Palmolein 568 (568).