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Select edible oils decline on stockists selling

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Press Trust of India New Delhi
Select edible oils declined by Rs 50 per quintal on the wholesale oils and oilseeds market today on stockists selling influenced by a weak global trend.

However, non-edible oils held steady in scattered deals.

Marketmen said stockists selling influenced by a weak global trend mainly led to decline in select edible oil prices.

Meanwhile, palm oil for April delivery declined 0.8 per cent to USD 769 a metric tonne on the Malaysia Derivatives Exchange.

In the national capital, palmolein (rbd) and palmolein (Kandla) oils fell by Rs 50 each to Rs 6,250 and Rs 5,850, respectively, while crude palm oil (ex-kandla) traded lower by the same margin to Rs 5,100 per quintal respectively on weak global cues.
 

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and shed Rs 50 each at Rs 7,150 and Rs 6,850 per quintal, respectively.

The following were today's quotations per quintal:

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

Vanaspati Ghee (15-litre tin) 1,160-1,290.

Edible oils: Groundnut Mill Delivery (Gujarat) 7,900, Groundnut Solvent Refined (per tin) 1,950-2,000, Mustard expeller (Dadri) 7,250, Mustard Pakki Ghani (per tin) 1,280-1,360, Mustard Kachi Ghani (per tin) 1,365-1,465, Sunflower 6,300, Sesame Mill Delivery 11,500, Soybean Refined Mill Delivery (Indore) 7,150, Soyabean Degum (Kandla) 6,850, Crude Palm Oil (Ex-Kandla) 5,100, Cottonseed Mill Delivery (Haryana) 6,100, Palmolein (RBD) Rs 6,250, Palmolein (Kandla) 5,850, Rice Bran (phy) 3,800 and Coconut (per tin) 1,380-1,430.

Non-edible oils: Linseed 7,350, Mahuwa 4,000, Castor 9,300-9,400, Neem 5,250-5,350, Rice Bran 3,170-3,270 and Palm Fatty 3,225-3,300.

Oilcakes: Groundnut Dehusk 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: Jan 27 2014 | 3:12 PM IST

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