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Sesame, soyabean oils soften on muted demand

Press Trust of India  |  New Delhi 

Prices of sesame and soyabean oils fell by up to Rs 100 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers.

However, non-edible oils moved in a narrow range in limited deals and settled at the last levels.

Traders said, sluggish demand from retailers against ample stocks position, mainly led to decline in sesame and soyabean prices.

Meanwhile, palm rose by 19 per cent to 7,36,207 tonnes for the first time in February, after three consecutive months of fall, on higher shipments, industry body Solvent Extractors Association (SEA) said.

India, the world's leading vegetable buyer, had imported 5,95,032 tonnes palm oil in February 2016.

The country's total vegetable oil rose by 17 per cent to 12.70 lakh tonnes in February this year from 10.82 lakh tonnes in the year-ago period.

In the national capital, sesame mill delivery oil declined by Rs 100 to Rs 8,300 per quintal.

Soyabean mill delivery (Indore) and soyabean degum (Kandla) oils also weakened by Rs 50 each to Rs 6,950 and Rs 6,650 per quintal, respectively.

On the other hand, coconut oil traded higher by Rs 100 to Rs 1,950-2,000 per tin.

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 9,900,Groundnut Solvent Refined (per tin) Rs 1,800-1,900, Mustard expeller (Dadri) Rs 8,350, Mustard Pakki Ghani (per tin) Rs 1,350-1,395, Mustard Kachi Ghani (per tin) Rs 1,400-1,500,Sesame Mill delivery Rs 8,300, Soybean Refined Mill Delivery(Indore) Rs 6,950, Soybean Degum (Kandla) Rs 6,650, Crude Palm Oil (Ex-Kandla) Rs 4,700, Cottonseed Mill Delivery (Haryana) Rs 6,700, Palmolein (RBD) Rs 5,850, Palmolein (Kandla) Rs 5,900 and Coconut (per tin) Rs 1,950-2,000.

Non-edible oils: Linseed Rs 9,750, Castor Rs 9,850-9,950, 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: Thu, March 16 2017. 14:28 IST