Edible oils ruled flat on Monday tracking weak futures and lack of bulk demand. As stockists have bought enough for November – December, they stayed away from fresh bets. Market witnessed thin volume in resale.

Liberty: Palmolein Ex Shapur ₹14 up to 5 December. Super palmolein ₹636 up to 5 December. Allana: Palmolein Ex Khapoli ₹615 up to 10 December. Soya refined oil ₹690 up to 28 November. Sunflower refined oil ₹700 up to 28 November. Ruchi: Palmolein ex Patalganga ₹612 for 10- 20 November. Soyabean refi. oil ₹682 and sunflower refi. oil ₹690 up to 10 November. Golden agri: Palmolein ex JNPT ₹612 for November. At Rajkot: groundnut oil Telia tin declined by ₹20 to ₹1,310 ( ₹1,330) and Loose (10 kg) by ₹15 to ₹815 (₹830). Arrivals of groundnut in Gondal and Rajkot were 1.25 lakh – 1.35 lakh bags and its prices were ₹700 – 815.

Soyabean arrivals in Madhya Pradesh were about 3.80 lakh bags and its prices were ex Mandi ₹2,550 – ₹2,700 and ₹2,730-2,780 plant delivery. Malaysian crude palm oil, November -17 settled lower at MYR2,772 (MYR 2,784) and December 17 decrease to ₹2,767 (₹2,789). On the NCDEX: Soyabean refined oil November-17 ease at ₹693.20 (₹695.55) and December 17 decline to ₹704.00 (₹705.30) till evening. On BCE spot rates (₹/10 kg) were: groundnut oil 860 (875), soya refined oil 670 (670), sunflower exp. ref. 630 (625), sunflower ref. 690 (690), rapeseed ref. oil 790 (790), rapeseed expeller ref. 760 (760), cottonseed ref. oil 665 (665) and Palmolein 608 (608).

(This article was published on November 6, 2017)
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