date:Sep 18, 2012
Edible oils prices ruled weak on Monday due to lack of demand and bearish futures market. Imported palmolein dropped by Rs 4 and soyabean refined oil declined by Rs 5 for 10 kg. Cotton refined oil lost Rs 5, tracking bearish reports from producing centres. Groundnut oil, which made a further loss of Rs 20 in Saurashtra, ruled steady in local market. Rapeseed and sunflower oils were unchanged.
The Malaysian market was closed for a holiday.
According to Shailesh Kataria, the market witnessed go