26/08/2014 (Hindu Business Line) - Sentiment in edible oils, spot and futures market, turned positive as Malaysian palm oil and Chicago soya oil bounced back. On the Bombay Commodity Exchange, palmolein and soyabean refined oil declined by ₹8 and ₹5 for 10 kg each as refineries cut their rates tracking extended loss in overseas market. All other edible oils were steady. Vikram Global Commodities (P) Ltd, Chennai, quoted ₹535/10 kg for September delivery of Malaysian super palmolein.

Liberty traded palmolein for ₹498/500, super palmolein ₹525 and soyabean refined oil ₹595. Ruchi was quoting palmolein at ₹505, soyabean refined oil ₹593 and sunflower refined oil ₹590. Allana was quoting palmolein at ₹520, super palmolein ₹545, soyabean refined oil ₹600 and sunflower oil ₹590. In Saurashtra-Rajkot, groundnut Telia tin gained ₹10 to ₹1,210 and loose (10 kg) was steady at ₹770.

BCE spot rates (₹/10 kg): groundnut oil 765 (765), soya refined oil 590 (595), sunflower exp. ref. 545 (545), sunflower ref. 595 (595), rapeseed ref. oil 714 (714), rapeseed expeller ref. 684 (684) cottonseed ref. oil 625 (625) and palmolein 502 (510).