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Palmolein oil softens on sluggish demand, global cues

Press Trust of India  |  New Delhi 

prices declined by Rs 50 per in an otherwise steady wholesale oils and oilseeds market today owing to muted demand and weak trend overseas.

in the non-edible section, eased on reduced offtake by consuming industries.

Traders said, subdued demand from Vanaspati millers and a weak trend overseas mainly led to decline in prices.

Globally, the for August delivery fell 0.42 per cent to 2,350 ringgit (USD 589.42) per tonne on the Exchange.

In the national capital, palmolein (RBD) and palmolein (Kandla) oils 50 each to Rs 7,100 and Rs 7,150 per quintal, respectively.

Among non-edible oils, also traded lower by Rs 100 to Rs 6,900-7,000 per

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 800-1,000.

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,250, Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller (Dadri) Rs 7,650, Mustard Pakki Ghani (per tin) Rs 1,275-1,320, Mustard Kachi Ghani (per tin) Rs 1,325-1,425, Sesame Mill delivery Rs 9,500, Soybean Refined Mill Delivery (Indore) Rs 7,600, Rs 7,200, Crude Palm Oil (Ex-Kandla) Rs 5,500, Cottonseed Mill Delivery (Haryana) Rs 7,200, Palmolein (RBD) Rs 7,100,Palmolein (Kandla) Rs 7,150 and Coconut (per tin) Rs 3,100-3,150.

Non-edible oils: Linseed Rs 8,900, Castor Rs 6,900-7,000, Neem Rs 5,350-5,450.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 13 2018. 14:20 IST