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Palmolien oil weakens on muted demand

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Press Trust of India New Delhi
Palmolein oil prices declined by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers.

However, other edible and non-edible section moved in a narrow range in limited deals and settled at previous levels.

Traders attributed the fall in palmolein oil prices to sluggish demand from retailers.

In the national capital, palmolein (RBD) and Palmolein (Kandla) oils were down by Rs 50 each to Rs 5,750 and Rs 5,800 per quintal respectively.

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 12,200, Groundnut Solvent Refined (per tin) Rs 1,910-1,960, Mustard expeller (Dadri) Rs 8,300, Mustard Pakki Ghani (per tin) Rs 1,300-1,350, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 7,700, Soybean Refined Mill Delivery (Indore) Rs 6,750, Soybean Degum (Kandla) Rs 6,450, Crude Palm Oil (Ex-Kandla) Rs 4,400, Cottonseed Mill Delivery (Haryana) Rs 6,400, Palmolein (RBD) Rs 5,750, Palmolein (Kandla) Rs 5,800 and Coconut (per tin) Rs 1,550-1,600.

Non-edible oils: Linseed Rs 9,750, Castor Rs 9,500-9,600, Neem Rs 5,350-5,450.

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First Published: Jun 27 2016 | 2:48 PM IST

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