Palmolein, soyabean oils decline on weak global trends

Prices of palmolein and soyabean fell up to Rs 100 per quintal at the wholesale oils and oilseeds market today largely on weak global trend.
Castor oil also traded lower on reduced offtake by consuming industries.
Traders said besides weak global trend, sluggish demand from retailers mainly led to decline in palmolein and soyabean oil prices.
Meanwhile, palm oil futures for June delivery traded 0.3 per cent lower at 2,134 ringgit (USD 576) a metric tonne on Bursa Malaysia Derivatives.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils eased by Rs 100 each to Rs 5,600 and Rs 5,450 per quintal on weak global cues.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also enquired lower by Rs 50 each to Rs 6,650 and Rs 6,350 per quintal, respectively.

In the non-edible section, castor oil declined by Rs 50 to Rs 9,550-9,650 per quintal.
Following are today's quotations (in Rs per quintal):
Oilseeds: Mustard seed Rs 2,950-3,050 and Groundnut Seed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 930-1,070.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,650, Groundnut Solvent Refined (per tin) Rs 1,400-1,450, Mustard expeller (Dadri) Rs 7,500, Mustard Pakki Ghani (per tin) Rs 1,250-1,300, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, sesame mill delivery Rs 7,400, Soyabean Refined Mill Delivery (Indore) Rs 6,650, Soyabean Degum (Kandla) Rs 6,350, Crude Palm Oil (Ex-Kandla) Rs 4,200, Cottonseed Mill Delivery (Haryana) Rs 5,600, Palmolein (RBD) Rs 5,600, Palmolein (Kandla) Rs 5,450 and Coconut (per tin) Rs 2,350-2,400.

Non-edible oils: Linseed Rs 8,350, Castor Rs 9,550-9,650, Neem Rs 5,350-5,450.