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Soyabean oil slides on low demand

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Press Trust of India New Delhi
Soyabean oil prices fell by Rs 100 per quintal in the wholesale oils and oilseeds market today owing to slackened demand from retailers.

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

Traders said easing demand from retailers against sufficient stocks position mainly led to the decline in soyabean oil prices.

In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils fell by Rs 100 each to Rs 6,800 and Rs 6,400 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 8,700, Groundnut Solvent Refined (per tin) Rs 1,600-1,700, Mustard expeller (Dadri) Rs 7,950, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 7,700, Soybean Refined Mill Delivery (Indore) Rs 6,800, Soybean Degum (Kandla) Rs 6,400, Crude Palm Oil (Ex-Kandla) Rs 4,850, Cottonseed Mill Delivery (Haryana) Rs 6,500, Palmolein (RBD) Rs 6,000, Palmolein (Kandla) Rs 6,050 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 8,800, Castor Rs 9,200-9,300, Neem Rs 5,350-5,450.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Oct 03 2017 | 2:43 PM IST

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