Palmolein, crude palm oil decline on lower global trend

Prices of palmolein and crude palm oil declined by Rs 20 per quintal in the wholesale oils and oilseed market today, as buying interest declined at the existing higher levels amid weakening global trend.

On the other side, industrial oils continued to trade around previous level in the absence of worthwhile activity.

Besides, fresh losses in Malaysian palm oil, which fell from a 15-month high after reports that exports from Malaysia, the second-biggest producer, dropped.

Meanwhile, palm oil futures for October delivery slid 1.8 per cent to $850 a metric tonne on the Malaysia Derivatives Exchange, its biggest intra-day slump since July 5.

 

In the edible section, palmolein (rbd) and crude palm oil (ex-kandla) oils declined by Rs 20 each to Rs 4,680 and Rs 3,980 per quintal.

Following are today's quotations in Rs per quintal:

Oilseeds: mustard seed 2,500-2,600 and groundnut seed 2,100-2,850
Vanaspati ghee (15 litres tin) 750-860

Edible oils: Groundnut mill delivery (Gujarat) 8,500, groundnut Solvent refined (per tin) 1,450-1,460, Mustard Expeller (Dadri) 5,300, Mustard Pakki ghani (per tin) 710-865, Mustard kachi ghani (per tin) 865-965, Sunflower 6,300

Sesame mill delivery 5,900, soybean Refined mill delivery (Indore) 4,900 Soyabean degum (Delhi) 4,650, Crude Palm Oil (Ex-kandla) 3,980, Cottonseed mill delivery (Haryana) 4,500, Palmolein (RBD) 4,680, Rice bran (phy) 3,750 and Coconut (per tin) 1,050-1,080

Non-edible oils: Linseed 4,150, Mahuwa 4,000, Castor 7,700-7,800, Neem 3,750-3,850, 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) 1,025-1,050, Mustard 1,200-1,210 and Cottonseed 1,075-1,175