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Soyabean, cottonseed mill delivery oils decline

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Press Trust of India New Delhi
Soyabean and cottonseed mill delivery oil prices fell up to Rs 50 per quintal at the wholesale oils and oilseeds market today due to reduced demand amidst weak overseas trends.

However, other edible and non-edible oils moved narrowly in restricted activity and settled around previous levels.

Traders said fall in demand from local parties and weak trend overseas mainly weighed on select edible oil prices.

In the national capital, soybean refined mill delivery (Indore) and soyabean degum (Kandla) fell by Rs 25 each at Rs 6,875 and Rs 6,575 per quintal respectively.

In line with overall trends cottonseed mill delivery oil traded Rs 50 lower at Rs 6,350 per quintal
 

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) 6,875, Soyabean Degum (Kandla) 6,575, Crude Palm Oil (Ex-Kandla) 5,250, Cottonseed Mill Delivery (Haryana) 6,350, Palmolein (RBD) Rs 6,300, Palmolein (Kandla) 6,100 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 13 2014 | 1:45 PM IST

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