Don’t miss the latest developments in business and finance.

Select edible oils decline on global cues

Image
Press Trust of India New Delhi
Last Updated : Jan 25 2013 | 2:53 AM IST

Select edible oil prices drifted up to Rs 50 per quintal in the wholesale oils and oilseeds market today on weakening global trend.

Traders said besides weakening global trend, fall in demand at prevailing higher levels mainly pulled down the select wholesale edible oil prices.

Meanwhile, palm oil futures for the May delivery contract shed 0.6 per cent to $1,223 a metric tonne on the Malaysia Derivatives Exchange.

In the national capital, soyabean refined mill delivery (Indore) and palmolein (rbd) oils fell by Rs 30 and Rs 50 to Rs 6,500 and Rs 6,200 per quintal, respectively on lower global trend. 

Mustard expeller oil (Dadri) also lacked necessary buying support and lost Rs 30 to Rs 6,000 per quintal.

Following are today's quotations in Rs per quintal:

More From This Section

Oilseeds: mustard seed 2,525-2,655 and groundnut seed 2,100-2,850
Vanaspati ghee (15 litres tin) 1,065-1,140

Edible oils: Groundnut mill delivery (Gujarat) 7,400, groundnut Solvent refined (per tin) 1,350-1,360, Mustard Expeller (Dadri) 6,000, Mustard Pakki ghani (per tin) 780-935, Mustard kachi ghani (per tin) 935-1,035

Sunflower 6,300, Sesame mill delivery 6,390, soybean Refined mill delivery (Indore) 6,500, Soyabean degum (Kandla) 6,100, Crude Palm Oil (Ex-kandla) 5,750, Cottonseed mill delivery (Haryana) 5,850, Palmolein (RBD) 6,200, Rice bran (phy) 3,750 and Coconut (per tin) 1,500-1,560

Non-edible oils: Linseed 4,650, Mahuwa 4,000, Castor 8,750-8,850, Neem 4,100-4,200, Rice bran 3,300-3,400 and palm fatty 3,225-3,300

Oilcakes: groundnut dehusk 800-850, sesame 950-1,150, Mustard (new) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175

Also Read

First Published: Feb 17 2011 | 3:13 PM IST

Next Story