07/04/2011 (India Infoline.com) - On Tuesday (05 April 2011), the edible oil market witnessed firm trend on the back of bullish undertone in the global palm and soya oil futures market. Despite lower closing of the Malaysian market, palmolein rose by Rs. 8 and soya refined oil increased by Rs. 12 for 10 kg, in Mumbai. Groundnut oil with a gain of Rs. 10 touched Rs. 800-mark. Cotton refined, sunflower oil and rapeseed oil increased by Rs. 5 respectively in line with imported oils.

In Mumbai commodity exchange, the spot rates were (Rs/10 kg): Groundnut oil 800 (790), soya refined oil 602 (590), sunflower exp. ref. 630 (625), sunflower ref. 680 (675), rapeseed ref. oil 605 (600), rapeseed expeller ref. 575 (570), cotton ref. oil 595 (590) and palmolein 566 (558).