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Palmolein oil weakens on global cues

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Press Trust of India New Delhi
Last Updated : May 09 2018 | 2:30 PM IST

Palmolein oil prices softened by Rs 50 per quintal at the wholesale oils and oilseeds market today on weak global cues.

However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at lastlevels.

Traders attributed the slide in palmolein oil prices to a weak trend overseas.

Globally, the benchmark palm oil contract for July delivery dipped 0.1 per cent to 2,381 ringgit (USD 603.09) a tonne on the Bursa Malaysia Derivatives Exchange.

In the national capital, palmolein (RBD) and palmolein (Kandla) oils were down by Rs 50 each to Rs 7,150 and Rs 7,200 per quintal respectively.

Following are today's quotations (in Rs per quintal):

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First Published: May 09 2018 | 2:30 PM IST

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