Edible oils fall on global cues

Select edible oil prices fell by Rs 20 per quintal in the wholesale oils and oilseeds market today due to sluggish demand amid a weakening global trend.  

Trading sentiments weakened as palm oil dropped on the Malaysia Derivatives Exchange.

Palm oil for the July-delivery contract fell by 1.3% to $1,083 a metric tonne, the lowest since April 19, on the Malaysia Derivatives Exchange.

In the national capital, Soyabean refined mill delivery (Indore) and soyabean degum (kandla) oils declined by Rs 20 each to Rs 6,100 and Rs 5,750, respectively.  

Crude palm oil (ex-kandla) traded lower by the same margin to Rs 5,200 per quintal. Palmolein (rbd) and palmolein (kandla) oils lost Rs 20 each to Rs 5,730 and Rs 5,430 per quintal, respectively. 

Following are today's quotations in Rs per quintal:

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) 8,000, groundnut Solvent refined (per tin) 1,350-1,360, Mustard Expeller (Dadri) 5,400, Mustard Pakki ghani (per tin) 760-915, Mustard kachi ghani (per tin) 915-1,015

Sunflower 6,300, Sesame mill delivery 6,180, soybean Refined mill delivery (Indore) 6,100, Soyabean degum (Kandla) 5,750, Crude Palm Oil (Ex-kandla) 5,200

Cottonseed mill delivery (Haryana) 5,470, Palmolein (RBD) Rs 5,730 Palmolein (Kandla) 5,430, Rice bran (phy) 3,750 and Coconut (per tin) 1,600-1,660

Non-edible oils: Linseed 4,550, Mahuwa 4,000, Castor 8,500-8,600, Neem 4,000-4,100, 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