23/12/2016 (Hindu Business Line) - Imported edible oils witnessed free fall tracking overnight crash in Chicago soya complex amid extended loss on Malaysian palm oil futures. Slack physical demand and higher selling pressure also supported the bearish sentiments.

On the BCE, palmolein and soya oil declined by ₹8 and ₹5. Cotton and rapeseed oil dropped by ₹5 and ₹10 each. Liberty’s rates: palmolein ₹615, super palmolein ₹638 and soyabean refined oil ₹725. Ruchi traded sunflower oil at ₹720.

Golden Agri and Emamiquoted palmolein at ₹615. At Rajkot, groundnut oil telia tin declined to ₹1,440 (1,460) and loose (10 kg) was at ₹930 (925). BCE spot rates (₹/10 kg): groundnut oil 980 (980), soya ref. 720 (725), sunflower exp. ref. 665 (665), sunflower ref. 720 (720), rapeseed ref. 830 (840), rapeseed exp. ref. 800 (810), cottonseed ref. 695 (700) and palmolein 605 (613).