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Crude palm oil eases on subdued demand; global cues

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Press Trust of India New Delhi
Crude palm oil prices drifted by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to sluggish demand.

However, other edible and non-edible oils after moving in a narrow range on scattered activity, settled at previous levels.

Traders said fall in demand against sufficient stocks and weak trend overseas, mainly led to fall in crude palm oil prices.

In the national capital, crude palm oil (ex-kandla) weakened by Rs 50 to Rs 4,250 per quintal.

Following are today's quotations (in Rs per quintal):

Oilseeds: Mustardseed Rs 2,950-3,050 and Groundnutseed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 930-1,070.
 

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,800, Groundnut Solvent Refined (per tin) Rs 1,600-1,650, Mustard expeller (Dadri) Rs 7,400, Mustard Pakki Ghani (per tin) Rs 1,250-1,300, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, sesame mill delivery Rs 8,000, Soyabean Refined Mill Delivery (Indore) Rs 6,600, Soyabean Degum (Kandla) Rs 6,300, Crude Palm Oil (Ex-Kandla) Rs 4,250, Cottonseed Mill Delivery (Haryana) Rs 5,700, Palmolein (RBD) Rs 5,600, Palmolein (Kandla) Rs 5,500 and Coconut (per tin) Rs 2,250-2,275.

Non-edible oils: Linseed Rs 8,450, Castor Rs 9,750-9,850, Neem Rs 5,350-5,450.

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First Published: Jul 01 2015 | 2:42 PM IST

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