Edible oils decline on stockists selling, global cues

Select edible oil prices fell by Rs 100 per quintal on the wholesale oils and oilseeds market today on stockists selling amid a weak global trend.
Castor oil in the non-edible section, also eased on reduced industrial offtake.
Marketmen said stockists selling along with weak global trend where palm oil traded at nearly two-month low mainly kept presure on edible oil prices.
Meanwhile, palm oil for March delivery traded at 759 dollar a metric tonne on the Malaysia Derivatives Exchange.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils fell further by Rs 100 each at Rs 6,000 and Rs 5,600, crude palm oil (ex-kandla) traded lower by the same margin to Rs 5,200 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also lost Rs 100 each to Rs 6,900 and Rs 6,600 per quintal, respectively.

In the non-edible section, castor oil declined by Rs 50 to Rs 9,350-9,450 per quintal.
The following were today's quotations per quintal:
Oilseeds: Mustardseed 2,950-3,050 and Groundnut Seed 2,150-2,900.
Vanaspati Ghee (15-litre tin) 1,160-1,290.
Edible oils: Groundnut Mill Delivery (Gujarat) 7,900, Groundnut Solvent Refined (per tin) 1,950-2,000, Mustard expeller (Dadri) 7,200, Mustard Pakki Ghani (per tin) 1,280-1,360, Mustard Kachi Ghani (per tin) 1,365-1,465, Sunflower 6,300, Sesame Mill Delivery 11,400, Soybean Refined Mill Delivery (Indore) 6,900, Soyabean Degum (Kandla) 6,600, Crude Palm Oil (Ex-Kandla) 5,200, Cottonseed Mill Delivery (Haryana) 6,200, Palmolein (RBD) Rs 6,000, Palmolein (Kandla) 5,600, Rice Bran (phy) 3,800 and Coconut (per tin) 1,380-1,430.

Non-edible oils: Linseed 7,200, Mahuwa 4,000, Castor 9,350-9,450, Neem 5,200-5,300, Rice Bran 3,170-3,270 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.