Palmolein, soyabean oils fall on subdued demand, global cues

Prices of palmolein and soyabean oils fell by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand amid a weak global trend.
However, other edible and non-edible oils moved in a narrow range in limited deals and settled around previous levels.
Traders said besides easing demand at prevailing levels, weak global trend mainly led to decline in palmolein and soyabean oil prices.
Meanwhile, palm oil futures traded at 2,144 ringgit per tonne on the Malaysian Derivatives Exchange.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils declined by Rs 50 each to Rs 5,400 and Rs 5,300 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also eased by a similar margin to Rs 6,500 and Rs 6,200 per quintal, respectively.

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 8,600, Groundnut Solvent Refined (per tin) Rs 1,500-1,550, Mustard expeller (Dadri) Rs 7,100, Mustard Pakki Ghani (per tin) Rs 1,190-1,240, Mustard Kachi Ghani (per tin) Rs 1,240-1,340, sesame mill delivery Rs 7,400, Soyabean Refined Mill Delivery (Indore) Rs 6,500, Soyabean Degum (Kandla) Rs 6,200, Crude Palm Oil (Ex-Kandla) Rs 4,200, Cottonseed Mill Delivery (Haryana) Rs 5,500, Palmolein (RBD) Rs 5,400, Palmolein (Kandla) Rs 5,300 and Coconut (per tin) Rs 2,350-2,400.

Non-edible oils: Linseed Rs 8,250, Castor Rs 9,700-9,800, Neem Rs 5,350-5,450.