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Soyabean, palmolein oils slide on muted demand

Press Trust of India  |  New Delhi 

Prices of soyabean and palmolein fell by Rs 50 per quintal at the wholesale oils and oilseeds market today due to sluggish demand from retailers.

Linseed also traded lower following reduced offtake by consuming industries.

Traders said subdued demand from retailers against adequate stocks position, mainly led to the fall in soyabean and palmolein prices.

In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils shed Rs 50 each to Rs 6,500 and Rs 6,100 per quintal respectively.

Palmolein (RBD) and palmolein (Kandla) oil also eased by a similar margin to Rs 5,300 and Rs 5,350 per quintal respectively.

Among non-edible, linseed oil declined by Rs 50 to Rs 8,950 per quintal on lack of buying support from paint industries.

Following are today's quotations (in Rs per quintal):

Oilseeds: Mustard seed Rs 2,950-3,050 and Groundnut seed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 800- 1,000.

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 9,400, Groundnut Solvent Refined (per tin) Rs 1,800-1,900, Mustard expeller (Dadri) Rs 7,900, Mustard Pakki Ghani (per tin) Rs 1,250-1,295, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, Sesame Mill delivery Rs 8,100, Soybean Refined Mill Delivery (Indore) Rs 6,500, Soybean Degum (Kandla) Rs 6,100, Crude Palm Oil (Ex-Kandla) Rs 4,750, Cottonseed Mill Delivery (Haryana) Rs 6,450, Palmolein (RBD) Rs 5,300, Palmolein (Kandla) Rs 5,350 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 8,950, Castor Rs 9,100-9,200, Neem Rs 5,350-5,450.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 14 2017. 14:22 IST