02/06/2017 (Hindu Business Line) - Edible oils market witnessed higher volume at steady prices on Thursday as stockists came forward with fresh orders in anticipation of higher demand in the days ahead of the onset of monsoon.

Firm overseas futures and price cuts by local refineries led to higher activities during the day. On BCE palmolein gained by Rs. 2 and all other edible oils remained unchanged. About 3700 – 3800 tons of imported palmolein, super and soya oil was bought by traders and stockists for the June delivery.

They purchased commodity directly from Liberty, Allana and Emami. Morale was firm said sources.

Liberty’s rates for Palmolein Ex STC / Shapur were Rs560 / Rs. 561 for June. Super palmolein at Rs581 for June and Soyabean refined oil ex Shapur Rs635 for June.

Allana’s rates for Palmolein were ex Khapoli / IVP Rs560 / Rs563 for 15-30 June. Soya refined oil Rs630 for June. Sunflower refined oil Rs665 for June.

Golden Agri’s rate for palmolein was Rs555 for 15 June. Emami quoted palmolein Rs. 547 for 15 June.

In Rajkot, groundnut oil was up Rs10 to Rs1440 (Rs1430) for Telia tin and Rs910 (Rs900) for Loose (10 kgs).

On National Commodities and Derivatives Exchange Soyabean refined oil June -17 futures was Rs620.85 (Rs.620.10) and July-17 was Rs623.35 (Rs.622.80).

Malaysian crude palm oil June-17 futures settled higher at MYR 2759 (MYR 2749) and July-17 at MYR2633 (MYR 2623).

On The Bombay Commodity Exchange spot rates (Rs/10 kg) were: groundnut oil 960 (960), soya refined oil 625 (625), sunflower exp. ref. 585 (590), sunflower ref. 655 (655), rapeseed ref. oil 710 (710), rapeseed expeller ref. 680 (680), cottonseed ref. oil 635 (635) and Palmolein 552 (550).