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Palmolein, crude palm oil down on sluggish demand

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Press Trust of India New Delhi

Palmolein and crude palm oil prices fell up to Rs 20 per quintal on the wholesale oils and oilseeds market today owing to slackness in demand at prevailing levels amid weakening global trend.

Elsewhere, other edible and non-edible oils moved in a tight range in the absence of worthwhile activity. 

Traders said fall in demand at existing higher levels amid weakening global trend, mainly led to decline in palmolein and crude palm oil prices.

Meanwhile, palm oil futures for January delivery paused at $935 a metric tonne on the Malaysia Derivatives Exchange.

In the national capital, palmolein (rbd) and crude palm oil (ex-kandla) declined by Rs 20 and Rs 10 to Rs 5,130 and Rs 4,290 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) 5,250 Soyabean degum (Delhi) 4,910, Crude Palm Oil (Ex-kandla) 4,290, 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 20 2010 | 3:26 PM IST

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