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Palmolein, soyabean decline on weak global cues

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 4:48 AM IST

Palmolein and soyabean oil prices declined by Rs 20 per quintal in the oils and oilseeds market today in tandem with a weakening global trend.

Fall in demand from retailers also kept some pressure on the prices.

Marketmen said weakening global trend mainly kept pressure on the select edible oils here.
     
Meanwhile, palm oil futures for the November delivery fell 1.8 per cent to $844 a metric tonne, the most in more than a week.
     
In the national capital, palmolein (rbd) declined by Rs 20 to Rs 4,880, while soyabean refined mill delivery (Indore) and soyabean degum (Delhi) traded lower by the same margin at Rs 4,900 and Rs 4,700 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.
     
Edible oils: Groundnut mill delivery (Gujarat) 8,750, groundnut Solvent refined (per tin) 1,520-1,530, Mustard Expeller (Dadri) 5,250, Mustard Pakki ghani (per tin) 705-860, Mustard kachi ghani (per tin) 860-960, Sunflower 6,300, Sesame mill delivery 5,850, soybean Refined mill delivery (Indore) 4,900 Soyabean degum (Delhi) 4,700, Crude Palm Oil (Ex-kandla) 4,170, Cottonseed mill delivery (Haryana) 4,550, Palmolein (RBD) 4,880, Rice bran (phy) 3,750 and Coconut (per tin) 1,100-1,130.
     
Non-edible oils: Linseed 4,150, Mahuwa 4,000, Castor 7,900-8,000, Neem 3,800-3,900, Rice bran 3,300-3,400 and palm fatty 3,225-3,300.
     
ilcakes: groundnut de-husk 800-850, sesame 950-1,150, Mustard (new) 1,025-1,050, Mstard 1,200-1,210 and Cottonseed 1,075-1,175.

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First Published: Sep 09 2010 | 4:58 PM IST

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