Palmolein and crude palm oils remained weak and shed Rs 10 per quintal in the wholesale market today after taking cues from weak global markets. Fall in demand from local parties also put some pressure on the edible oil prices, traders said.
Sentiment remained weak after palm oil fell for the fourth straight day to the lowest-level in more than two weeks, after tracking losses in rival soybean oil, and on concern inventories will rise on a seasonal jump in output.
Meanwhile, palm oil futures for November-delivery lost 1.7 per cent to $820 a metric tonne on the Malaysia Derivatives Exchange, the lowest-level since August 3.
In the edible section, palmolein (rbd) and crude palm oil (ex-kandla) continued to slide and lost another Rs 10 each to Rs 4,870 and Rs 4,140 per quintal.
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) 750-860
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Edible oils: Groundnut mill delivery (Gujarat) 8,600, groundnut Solvent refined (per tin) 1,475-1,485, Mustard Expeller (Dadri) 5,250, Mustard Pakki ghani (per tin) 715-870, Mustard kachi ghani (per tin) 870-970, Sunflower 6,300
Sesame mill delivery 5,950, soybean Refined mill delivery (Indore) 5,030 Soyabean degum (Delhi) 4,740, Crude Palm Oil (Ex-kandla) 4,140, Cottonseed mill delivery (Haryana) 4,650, Palmolein (RBD) 4,870, Rice bran (phy) 3,750 and Coconut (per tin) 1,050-1,080
Non-edible oils: Linseed 4,200, Mahuwa 4,050, Castor 7,800-7,900, Neem 3,800-3,900, Rice bran 3,300-3,400 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