25/08/2015 (Hindu Business Line) - A sharp decline was seen in palmolein tracking weak closing of the Bursa Malaysia palm oil futures. On the Bombay Commodity Exchange, palmolein declined by ₹8/10 kg as local refineries slashed their rates. Cotton refined oil dropped by ₹2. Liberty was quoting palmolein at ₹440 ex JNPT, super palmolein ₹485 and soyabean refined oil ₹571. Ruchi’s rates: palmolein ₹440, soyabean refined oil ₹568, sunflower refined oil ₹705. Allana traded palmolein for ₹438, soya refined oil ₹570 and sunflower oil ₹710. In Saurashtra-Rajkot, groundnut oil telia was steady at ₹1,680 and loose (10 kg) ₹1,075.

BCE spot rates (₹/10 kg): groundnut oil 1,020 (1,020), soya refined oil 570 (570), sunflower exp. ref. 650 (650), sunflower ref. 705 (700), rapeseed ref. oil 880 (880), rapeseed exp. ref. 850 (850), cottonseed ref. oil 610 (612) and palmolein 438 (446).