Palmolein, soyabean oils weaken on global cues
Palmolein and soyabean oil prices declined by Rs 20 per quintal on the wholesale oils and oilseeds market today, largely on weakening global trends.
Traders said besides weak trend overseas, fall in demand at higher levels also put pressure on the palmolein and soyabean oil prices.
In the national capital, palmolein (Kandla) and soyabean refined mill delivery (Indore) fell by Rs 20 each to Rs 5,930 and Rs 6,220 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) 7,500, groundnut Solvent refined (per tin) 1,370-1,380, Mustard Expeller (Dadri) 6,020, Mustard Pakki ghani (per tin) 780-935, Mustard kachi ghani (per tin) 935-1,035
Sunflower 6,300, Sesame mill delivery 6,390, soybean Refined mill delivery (Indore) 6,420, Soyabean degum (Kandla) 6,050, Crude Palm Oil (Ex-kandla) 5,630
Cottonseed mill delivery (Haryana) 5,850, Palmolein (RBD)Rs 6,200 Palmolein (Kandla) 5,930, Rice bran (phy) 3,750 and Coconut (per tin) 1,500-1,560
Non-edible oils: Linseed 4,650, Mahuwa 4,000, Castor 8,750-8,850, 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