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Palmolein, crude palm oil decline on global cues

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Press Trust of India New Delhi

Palmolein and crude palm oil prices fell by Rs 20 per quintal in the wholesale oils and oilseeds market today on reduced offtake at existing higher levels amid weak trend in overseas markets.

However, non-edible oils remained steady in restricted buying activity.

Traders said fall in demand at prevailing levels and lower trend in Malaysia mainly led to a fall in wholesale palmolein and crude palm oil prices.

Meanwhile, palm oil futures for December-delivery lost 2.1 per cent to $928 a metric tonne on the Malaysia Derivatives Exchange, the biggest intra-day drop since October 4.

In the national capital, palmolein (rbd) and crude palm oil (ex-kandla) declined by Rs 20 each to Rs 5,130 and Rs 4,300 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) 815-910

Edible oils: Groundnut mill delivery (Gujarat) 8,750, groundnut Solvent refined (per tin) 1,450-1,460, Mustard Expeller (Dadri) 5,370, Mustard Pakki ghani (per tin) 730-885, Mustard kachi ghani (per tin) 885-985, Sunflower 6,300

Sesame mill delivery 5,950, soybean Refined mill delivery (Indore) 5,230 Soyabean degum (Delhi) 4,900, Crude Palm Oil (Ex-kandla) 4,300, Cottonseed mill delivery (Haryana) 4,650, Palmolein (RBD) 5,130, Rice bran (phy) 3,750 and Coconut (per tin) 1,260-1,310

Non-edible oils: Linseed 4,200, Mahuwa 4,000, Castor 8,450-8,550, Neem 3,700-3,800, 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

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First Published: Oct 18 2010 | 6:00 PM IST

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