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Palmolein, soyabean oils soften on subdued demand

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Press Trust of India New Delhi
Palmolein and soyabean oil prices fell upto Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers against adequate supplies

However, other edible and non-edible oils after moving in a narrow range in scattered deals settled around previous levels.

Traders said sluggish demand from retailers against higher supplies mainly kept pressure on palmolein and soyabean oil prices.

In the national capital, palmolein (rbd) and palmolein (Kandla) oils fell by Rs 50 each to Rs 6,250 and Rs 6,050 per quintal respectively.

Soybean refined mill delivery (Indore) and soyabean degum (Kandla) followed suit and shed Rs 25 each at Rs 6,850 and Rs 6,550 per quintal respectively.
 

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

Oilseeds: Mustard seed 2,950-3,050 and Groundnut Seed 2,150-2,900.

Vanaspati Ghee (15-litre tin) 1,140-1,250.

Edible oils: Groundnut Mill Delivery (Gujarat) 7,700, Groundnut Solvent Refined (per tin) 1,300-1,375, Mustard expeller (Dadri) 7,100, Mustard Pakki Ghani (per tin) 1,225-1,275, Mustard Kachi Ghani (per tin) 1,275-1,375, sesame mill delivery 8,750, Soyabean Refined Mill Delivery (Indore) 6,850, Soyabean Degum (Kandla) 6,550, Crude Palm Oil (Ex-Kandla) 5,250, Cottonseed Mill Delivery (Haryana) 6,350, Palmolein (RBD) Rs 6,250, Palmolein (Kandla) 6,050 and Coconut (per tin) 2,650-2,700.

Non-edible oils: Linseed 7,850, Castor 9,700-9,800, Neem 5,350-5,450.

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First Published: Aug 14 2014 | 2:10 PM IST

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