Palmolein oil eases on weak spot, global demand

In restricted activity, palmolein oil prices declined by Rs 20 per quintal in the wholesale oils and oilseeds market today owing to subdued demand amid weak trend overseas.

Traders said fall in demand and reports of weakening trend in Malaysia mainly led to the decline in palmolein oil prices.

Meanwhile, palm oil futures for the April delivery contract dropped 0.8 per cent to $1,279 per metric tonne on the Malaysia Derivatives Exchange.

In the national capital, palmolein (rbd) oil declined by Rs 20 to Rs 6,250 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) 1,065-1,140

Edible oils: Groundnut mill delivery (Gujarat) 7,350, groundnut Solvent refined (per tin) 1,350-1,360, Mustard Expeller (Dadri) 5,910

Mustard Pakki ghani (per tin) 770-925, Mustard kachi ghani (per tin) 925-1,025, Sunflower 6,300, Sesame mill delivery 6,400, soybean Refined mill delivery (Indore) 6,420

Soyabean degum (Kandla) 6,100, Crude Palm Oil (Ex-kandla) 5,700, Cottonseed mill delivery (Haryana) 5,800, Palmolein (RBD) 6,250, Rice bran (phy) 3,750 and Coconut (per tin) 1,500-1,560

Non-edible oils: Linseed 4,600, Mahuwa 4,000, Castor 8,700-8,800, Neem 4,100-4,200, 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