Amid a weakening global trend and sluggish demand, edible oil prices fell further by up to Rs 50 per quintal in the wholesale oils and oilseeds market today.
Trading sentiments remained weak after palm oil dropped the most in almost two months in global markets as commodities and equities markets slumped amid concern that the US economic recovery is weakening.
Meanwhile, palm oil for the October-delivery contract fell 2.6% to $1,004 a tonne on the Malaysia Derivatives Exchange, the biggest loss since June 9.
In the national capital, mustard expeller (Dadri) declined by Rs 20 to Rs 6,000. Sesame oil shed Rs 30 and cottonseed mill delivery (Haryana) oil lost Rs 20 to Rs 6,200 and Rs 5,530 per quintal, respectively.
Taking cues from overseas market, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils fell by Rs 50 each to Rs 6,450 and Rs 5,950 per quintal, respectively.
Palmolein (rbd) and palmolein (Kandla) oils moved down by Rs 50 each to Rs 5,850 and Rs 5,550, respectively.
Crude palm oil (ex-kandla) shed Rs 30 to Rs 5,200 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) 760-915, Mustard kachi ghani (per tin) 915-1,015
Sunflower 6,300, Sesame mill delivery 6,200, soybean Refined mill delivery (Indore) 6,450, Soyabean degum (Kandla) 5,950, Crude Palm Oil (Ex-kandla) 5,200, Cottonseed mill delivery (Haryana) 5,530
Palmolein (RBD) Rs 5,850 Palmolein (Kandla) 5,550, Rice bran (phy) 3,750 and Coconut (per tin) 1,700-1,760
Non-edible oils: Linseed 4,500, Mahuwa 4,000, Castor 8,400-8,500, 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
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app