Edible oils slip on lower global cues

Select edible oil prices declined up to Rs 20 per quintal on the wholesale oils and oilseeds market today due to slackness in demand at prevailing levels amid weakening global trend.

However, non-edible oils moved in a narrow range on alternate bouts of trading and settled around previous levels.

Traders said subdued demand at prevailing higher levels and reports of weakening trend in global markets, were major factors behind a fall in select edible oil prices.

Meanwhile, palm oil futures for the February-delivery contract dropped 1.1 per cent to $1,155 a tonne in Kuala Lumpur. 

In the national capital, palmolein (rbd) and crude palm oil (ex-kandla) oils declined by Rs 20 and Rs 10 to Rs 5,890 and Rs 5,300 per quintal. 

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) 925-960

Edible oils: Groundnut mill delivery (Gujarat) 7,350, groundnut Solvent refined (per tin) 1,425-1,435, Mustard Expeller (Dadri) 5,700, Mustard Pakki ghani (per tin) 765-920, Mustard kachi ghani (per tin) 920-1,02

Sunflower 6,300, Sesame mill delivery 6,200, soybean Refined mill delivery (Indore) 6,060, Soyabean degum (Kandla) 5,670, Crude Palm Oil (Ex-kandla) 5,300, Cottonseed mill delivery (Haryana) 5,400, Palmolein (RBD) 5,890, Rice bran (phy) 3,750 and Coconut (per tin) 1,250-1,310

Non-edible oils: Linseed 4,500, Mahuwa 4,000, Castor 8,400-8,500, Neem 3,900-4,000, Rice bran 3,300-3,400 and palm fatty 3,225-3,300

Oilcakes: groundnut de-husk 800-850, sesame 950-1,150, Mustard (new) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175