30/11/2011 (Hindu Business Line) -   Demand let-up during the month end kept edible oil prices under check on Tuesday.

Crude palm oil futures on the Bursa Malaysia Derivatives Exchange are expected to trade within a narrow range this week due to the uncertainties in the euro zone, sources said.

Palmolein and rapeseed oil increased by Rs 2 each. Soya refined oil lost Rs 2, cotton oil declined by Rs 3 and sunflower expeller refined oil dipped by Rs 5 for 10 kg.

Local refineries offered palmolein at Rs 578-582 while resellers offered it at Rs 571-572. In the physical market, resellers traded 80-100 tonnes of palmolein. Liberty quoted palmolein at Rs 580-582, super palmolein at Rs 595 and soya refined oil at Rs 624. Ruchi offered palmolein at Rs 575-577, soya refined oil at Rs 621 and sunflower refined oil at Rs 688.

Soya oil for December delivery closed at Rs 639.50 (Rs 641.40) while for January was at Rs 647.20 (Rs 650) on the National Board of Trade in Indore.

Bombay Commodity Exchange spot rates (Rs/10 kg): groundnut oil 850 (850), soya refined oil 620 (622), sunflower exp. ref. 630 (635), sunflower ref. 695 (695), rapeseed ref. oil 720 (718), rapeseed expeller ref. 690 (688), cotton ref. oil 602 (605) and palmolein 570 (568).