Crude, palmolein oils down on subdued demand, global cues

Crude palm oil and palmolein oils were under pressure and traded Rs 20 per quintal lower on the wholesale oils and oilseeds market in national capital today on subdued demand amid weakening global trend.

Sentiment remained weak on fall in demand from stockists as well as millers, due to rising mercury and a weak trend in global markets. Meanwhile, palm oil futures for the July-delivery contract lost 1.6 per cent to $748 a metric tonne on the Malaysia Derivatives Exchange.

In the edible section, crude palm oil (ex-kandla) and palmolein (RBD) fell by Rs 20 each at Rs 3,610 and Rs 4,100 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Delhi) oils also fell by similar margin to Rs 4,410 and Rs 4,320 per quintal, respectively. Following are today's quotations in Rs per quintal:

Oilseeds: mustard seed 2,500-2,600 and groundnut seed 2,100-2,850
Vanaspati ghee (15 litres tin) 720-830

Edible oils: Groundnut mill delivery (Gujarat) 6,850

groundnut Solvent refined (per tin) 1,135-1,145
Mustard Expeller (Dadri) 4,500, Mustard Pakki ghani(per tin) 640-795
Mustard kachi ghani (per tin) 795-895

Sunflower 6,300, Sesame mill delivery 5,800, Soybean Refined mill delivery (Indore) 4,410 Soyabean degum (Delhi) 4,320, Crude Palm Oil (Ex-kandla) 3,610, Cottonseed mill delivery (Haryana) 4,000, Palmolein (RBD) 4,100, Rice bran (phy) 3,750 and Coconut (per tin) 960-990.     
Non-edible oils: Linseed 4,000, Mahuwa 4,000, Castor 6,450-6,550, Neem 3,600-3,700, Rice bran 3,200-3,300 and palm fatty 3,225-3,300

Oilcakes: groundnut de-husk 800-850, sesame 950-1,150, Mustard (new) 1,025-1,050, Mustard 1,200-1,210 and Cottonseed 1,075-1,175.