On Wednesday (31 October 2012), the cotton refined oilinched up by Rs 2 to Rs 700 for 10 kg in the edible oils market taking a total
rise of Rs 85 in the last 25 days. Lower arrivals of new cotton crop and
expectation of lower production this year pushed up price higher.
Groundnut, soyabean and sunflower oil ruled steady.
Rapeseed/ mustard oil and palmolein oil declined by Rs 5 and Rs 2 each on eased
physical demand and weak futures.
According to the Bombay Commodity Exchange, the spot rates
were (Rs/10 kg): groundnut oil 1,140 (1,140), soya refined oil 675 (675),
sunflower exp. ref. 675 (680), sunflower ref. 725 (725), rapeseed ref. oil 845
(850), rapeseed expeller ref. 815 (820) cotton ref. oil 700 (698) and palmolein
521 (523).
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