Select edible oil prices fell by Rs 10 per quintal in the wholesale oils and oilseeds market today on subdued demand. Trading sentiment remained weak as palm oil dropped in Malaysia after Brazil, the world’s second-largest producer of rival soybeans, raised its crop forecast.
Meanwhile, palm oil futures for August delivery fell 1.2 per cent to $722 a metric tonne on the Malaysia Derivatives Exchange. In the edible section, soyabean refined mill delivery (Indore) and soyabean degum (Delhi) traded Rs 10 each to down at Rs 4,420 and Rs 4,310.
Palm oil (rbd) and crude palm oil (ex-kandla) too traded lower by similar margin at Rs 4,190 and Rs 3,720 per quintal on lower global trend.
Following are today's quotations in Rs per quintal:
Oilseeds: mustard seed 2,500-2,600 and groundnut seed 2,100-2,850
Vanaspati ghee (15 litres tin) 720-830.
Edible oils: Groundnut mill delivery (Gujarat) 7,100, groundnut Solvent refined (per tin) 1,160-1,170, Mustard Expeller (Dadri) 4,750, Mustard Pakki ghani (per tin) 660-815, Mustard kachi ghani (per tin) 815-915, Sunflower 6,300
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Sesame mill delivery 5,800, Soybean Refined mill delivery (Indore) 4,420 Soyabean degum (Delhi) 4,310, Crude Palm Oil (Ex-kandla) 3,720, Cottonseed mill delivery (Haryana) 4,050, Palmolein (RBD) 4,190, Rice bran (phy) 3,750 and Coconut (per tin) 960-990
Non-edible oils: Linseed 4,000, Mahuwa 4,000, Castor 6,800-6,900, Neem 3,600-3,700, Rice bran 3,200-3,300 and palm fatty 3,225-3,300
Oilcakes: groundnut de-husk 800-850, sesame 950-1,150, Mustard (new) 1,025-1,050, Mustard 1,200-1,210 and Cottonseed 1,075-1,175