20/08/2014 (Hindu Business line) - The bearish trend continued in edible oils market on Tuesday on expectation of higher inflow globally due to record soya and palm oil output. On the Bombay Commodity Exchange, soyabean and sunflower oil declined by ₹5 for 10 kg each. Palmolein lost ₹2 and rapeseed oil ₹1. Vikram Global Commodities (P) Ltd, Chennai, quoted ₹560/10 kg for September delivery of Malaysian super palmolein.

Liberty was quoting palmolein at ₹528, super palmolein ₹548 and soyabean refined oil ₹620. Allana was quoting palmolein at ₹527, super palmolein ₹552, soyabean refined oil ₹615 and sunflower oil ₹613. In Saurashtra-Rajkot, groundnut Telia tin dropped by ₹15 to ₹1,180 and loose (10 kg) by ₹10 to ₹750.

BCE spot rates (₹/10 kg): groundnut oil 770 (770), soya refined oil 610 (615), sunflower exp. ref. 560 (565), sunflower ref. 610 (615), rapeseed ref. oil 719 (720), rapeseed expeller ref. 689 (690) cottonseed ref. oil 635 (635) and palmolein 526 (528).