Select edible oils fall on global cues

Select edible oil prices fell by up to Rs 50 per quintal in the wholesale oils and oilseeds market today largely on weakening global trend.

Trading sentiments turned bearish as palm oil dropped in global markets, after cooking oil stockpiles in Malaysia surged to the highest level in 16 months on increased production. Meanwhile, palm oil for the August-delivery contract fell 1.2% to $1,052 a metric tonne 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 6,280 and Rs 5,880, respectively, while crude palm oil (ex-kandla) lost Rs 50 to Rs 5,250 per quintal. 

Palmolein (rbd) and palmolein (Kandla) oils also traded lower by Rs 30 each to Rs 5,800 and Rs 5,500 per quintal.  

Following are today's quotations 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) 8,100, groundnut Solvent refined (per tin) 1,425-1,435, Mustard Expeller (Dadri) 5,800, Mustard Pakki ghani (per tin) 760-915, Mustard kachi ghani (per tin) 915-1,015

Sunflower 6,300, Sesame mill delivery 6,230, soybean Refined mill delivery (Indore) 6,280, Soyabean degum (Kandla) 5,880, Crude Palm Oil (Ex-kandla) 5,250,  Cottonseed mill delivery (Haryana) 5,530

Palmolein (RBD) Rs 5,800 Palmolein (Kandla) 5,500, 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 4,150-4,250, 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