Select edible oil prices declined by Rs 20 per quintal in the wholesale oils and oilseeds market today on sluggish demand at prevailing levels amid weakening global trend.
Sentiments turned bearish after palm oil dropped in global markets on speculation that improving production in Malaysia and Indonesia, the world's two biggest growers, will lead to an increase in stockpiles.
Meanwhile, palm oil for the October contract lost 1.4% to $1,043 a tonne on the Malaysia Derivatives Exchange.
In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils shed Rs Rs 20 each to Rs 6,450 and Rs 5,950 per quintal, respectively.
Palmolein (rbd) and palmolein (kandla) oils also traded lower by the same margin to Rs 5,950 and Rs 5,650, respectively. Crude palm oil (ex-kandla) lost Rs 20 to Rs 5,230 per quintal.
Following were today's quotations:
Oilseeds: mustard seed 2,525-2,655 and Groundnut seed 2,100-2,850
Vanaspati ghee (15 litres tin) 1,065-1,140
Edible oils: Groundnut mill delivery (Gujarat) 8,500, groundnut Solvent refined (per tin) 1,450-1,460, Mustard Expeller (Dadri) 6,000, Mustard Pakki ghani (per tin) 755-910, Mustard kachi ghani (per tin) 910-1,010
Sunflower 6,300, Sesame mill delivery 6,250, soybean Refined mill delivery (Indore) 6,450, Soyabean degum (Kandla) 5,950, Crude Palm Oil (Ex-kandla) 5,230, Cottonseed mill delivery (Haryana) 5,580
Palmolein (RBD) Rs 5,950 Palmolein (Kandla) 5,650, Rice bran (phy) 3,750 and Coconut (per tin) 1,700-1,760
Non-edible oils: Linseed 4,550, Mahuwa 4,000, Castor 8,450-8,550, Neem 4,050-4,150, Rice bran 3,300-3,400 and palm fatty 3,225-3,300
Oilcakes: groundnut dehusk 800-850, sesame 950-1,150, Mustard (new) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175